"The idea of MEL & DTE merging would not work. Its like putting all your eggs in one basket."
More likely though that Erm Power (EPW) make a bid for Metgasco Clarence Moreton tenements. Makes sense to me. ERM have the potential to become one of the major power brokers in NSW, especially Nthn NSW.
It is already a major shareholder in Metgasco and has farmin deals with Red Sky and Clarence Moreton Resources (CRM)which has bordering tenements to Mels.PEL 457 and 479, and 65% in PEL 478 with options to increase to 100%equity in each of these permits. It is a major shareholder of Red Sky amd Metgasco. Can't think of a better time to acquire both, doing a deal with LNG for some supply.
MEL Price at posting:
6.8¢ Sentiment: None Disclosure: Held
