MEL 0.00% 0.4¢ metgasco ltd

hendrous, page-6

  1. 1,607 Posts.
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    if MEL was sitting in middle of Texas:
    Mel would have ordered directly additional 2 rigs to drill out the hell of this conventional Kingfisher reservoir.

    But instead they say: oh yea, next we keep on drilling some CBM wells and we think about the tight gas formations.

    Hay when this is the message I think, damn the conventional Kingfisher is not so juicy because they do not put all their money, manpower into this asset. They are not sure because they try too beef up the Gas in Place with the unconventional because the conventional part is too small...??
 
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