MEL 0.00% 0.5¢ metgasco ltd

too many zeros , page-2

  1. 799 Posts.
    lightbulb Created with Sketch. 27
    From their website, 2,500 not 25,000:

    We are exploring, appraising and developing the vast gas resources of the Clarence-Moreton basin in northern New South Wales. Covering an area of approximately 1.1 million acres, the basin is prospective for both coal seam gas and conventional hydrocarbon resources.

    Metgasco has already established a large certified natural gas reserve position with the following gross reserves


    Gas Reserves
    Petajoules

    1P (Proven)
    2.7

    2P (Proven and Probable)
    428

    3P (Proven, Probable and Possible)
    2,542

    2C (Contingent Resource)
    2,511



    Metgasco Gas Reserves are Independently Certified by MHA Petroleum Consultants (Denver), All reserves are from coal seam gas.

    Metgasco is at the very beginning of our conventional exploration program. We are excited that the first well we have drilled, Kingfisher E1, delivered a discovery.


 
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