I think 4 is more than realistic. O1 initially flowed at more than 6; and on paper O2 should be more optimally positioned.
At 4 mmscf/d I'm getting 1.548 pj/a. MEL has a quarter share, so 0.387pj. Factor in 20% impurities and we have 0.09675 pj net to MEL per annum. At $13/gj that is $1.25m, so ~300k per quarter. That means 6mmscf/d = ~450k per quarter.
The flipside of that is that they'd only need 2mmscf/d to break even overall - noting that everything will decline.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.413M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.253K | 626.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 18398114 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6914191 | 10 |
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| Last trade - 10.04am 18/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |