Ann: Metgasco signs drilling rig contract , page-2

Next three to four months or so should see some good drilling activity that may have a significant impact on the resource position.

Will be interesting to see if the market places any value on increasing resources (conventional or otherwise) given the current view priced into the SP that our reserves will never be monetised.

This is despite potential early cashflow in the tens of millions in the short term from early sales to local industries within a 200km radius.

Again, hopefully a larger defined resource means that the scope of deal or deals that MEL can get with a cashed up thrid party buyer/s or development partner/s will be significant increased.