MEL 20.0% 0.6¢ metgasco ltd

deal with bp

  1. 11,142 Posts.
    lightbulb Created with Sketch. 478
    interesting article in todays fin review (p16).

    Talks about the memorandum of understanding signed between MEL & BP back in 2007. Here is part of the article:

    "....BP and Metgasco are believed to still be working on the agreement, and discussions are supposedly intensifying. BP is also apparently eyeing the conventional gas prospectivity beneath Metgasco's coal-seam gas, floating the rather fanciful prospect of using both sources as feedstock for an LNG plant at Bulwer Island".

    One stock for my watchlist and it sounds interesting
 
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