MAY had a extensive drilling program but we haven't converted those leads to discoveries. Back when Tassie Shoals was on the cards the oil and gas price was very high and subsequently collapsed. Tassie Shoals also required high co2 gas for the methanol component of the gas train and surrounding gasfields didn't come up trumps.
We aren't MEO any more. We have pivoted towards Cuba and that is the focus of the company now. I don't think it's fair to say we should be looking back at Tazzie Shoals, it's done and dusted it it was a very ambitious project that required a lot of moving parts to fall into place.
Melbana News flow H2, page-13
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