Ann: Consolidated Financial Statements Y/E 30 Jun, page-14

re: Ann: Consolidated Financial Statements Y/... Very hard to believe. Given their huge un-contracted gas reverses.

My hypothesis is that EPW will get/be involved in Mel's Richmond valley power station.
The farm in of ROG seems to fit.

This would leave MEL to supply the gas.

MEL have had a lot of time to plan their next step once a production lic. was proved.
Re map and get a better understanding of what they have.
(Like NWE when the greens stopped fraccing for over a year)
All of us want to see just how great the Greater Mackellar Structure really is.

The appointment of Dr Hann 3 months ago shows that form pilot to production on the CSG side will be well planned.

For me. MEL has been further derisked and now has a clear path forward.
It's been a great story in the 4 years I have been following it, and I will be happy to follow this story into production.

By the way. How much does a gas hub and/or drilling cost.
$15m. No?
More you say.