MEL
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8.33% 0.6¢ metgasco ltd

Ann: Kingfisher E1 - Progress Report 5 , page-26

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  1. honestg
    39 Posts.
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    15/11/09
    23:47
    Post #: 5915833
    MikePike

    are you suggesting a P&A of just the heifer sandstone portion of the well? cant say in all my years trading i have heard of a P&A on one portion of a well? i could understand if the coal beds were to remain shut in but a gas producing zone, what would be the purpose of this, when total flow rates are crucial to commercial viability.
    i Gues i will just wait for an answer from the company...i will keep you informed. Lets all hope this is a good week for all MEl holders

    cheers
    HG
    MEL Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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