MEL 0.00% 0.3¢ metgasco ltd

Ann: Vali and Odin on schedule for first gas, page-17

  1. 4,809 Posts.
    lightbulb Created with Sketch. 2241
    The production from a gas field is not just constant and then stops .
    It rises at first as production wells are drilled and then declines at a rate that depends on the characteristics of the reservoir .
    I think a plain reading of their announcements indicates that all the gas for the first 4 years is under contract but I do hope that I am wrong .

    Unfortunately prices go down as well as go up .
    All the forward assumptions are that gas prices will go up but contracted prices may not b.e lower than spot prices if a black swan event was to occur .
    Gas prices were not too flash in the darkest days of the Pandemic
 
watchlist Created with Sketch. Add MEL (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $4.342M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
8 21139663 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 11415670 12
View Market Depth
Last trade - 10.17am 30/09/2024 (20 minute delay) ?
MEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.