MEL 0.00% 0.4¢ metgasco ltd

chart, page-10

  1. 8,606 Posts.
    In the past, I visited the region for, about 20yrs.I would like to mention some 1st hand acquired research which could affect the shares upside risk.

    The entire area that they have mentioned is only one of many localised Sandstone formations.
    They may have undersurveyed the enmourmity of the entire sandstone shelf due to a lack of infrastsructure and aerial reconaissance could have been compromised due to lack of airstrips, the closest being Casino i beleive.
    From here, it will take asome time to fully recon the shelfs region to potentially attack the gas from the most multi-seam-accessibility point - which could monster over the latest appraisal and make the whole play much much bigger.

    Its not a possibility, its a probability that a gas and/or oil find will be found in the region many times arger than this one and if they play their cards right they can make a great meal of the oppportunity at hand. Lots of area to cover, many discoveries to evolve.

    Cheers and congratulations to holder - im not one.

    Lautrec
 
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