The Cooper Basin assets look good and there is a clear and concise plan to bring these into production. They will progress these steps and will see cash flow, IMHO, by mid next year. VEN is the operator of these interests.
In parallel with that, MEL will progress the plans for Cervantes, with the use of well-worn consultants, and when they can get a rig, they will drill at an appropriate time. MEL is the operator in WA.
Most of us in the oil industry can walk and chew gum at the same time. It is not an either-or situation.
Cheers, AL
MEL Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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