Ann: Third Quarter - Activities Report , page-10

GEE this MEL engineers are slow.
We got a not too deep, vertical, conventional gas well and it takes ages till they tested this blxxdy sandstone reservoir.

Usually: when you have a good or very good reservoir the management pushes the engineers to hurry up, to shorten the well test and to start production as soon as posssible. "Because we are in the business to earn money" (Rockefeller)

When the economics of a new reservoir are dodgy everything becomes like a chewing gum and you delay and have to say ok we do not plug and cement because we got enough gas somewhere but at the moment with this gas price, with the still missing pipeline or market for the gas we have to wait and to discover more gas fields (at the moment just the exploration dream and vision of the MEL geologists)... and need more money and have to take the risk to ...

It will take a long time (years not months) till MEL will start to produce and earn big money. As much as I understood from the released news and data the reservoir does not produce and earn heaps of money soon.

Because obviously Kingfisher is no the real blast and still we are not connected to the down stream market.

So no wonder when the shares go down. If you are a MEL beliefer you can accumulate but it will take years
except we get a boost from a take over or farm in. Think in this MEL case I need patience plus sleeping pills (less legal problems in comparison to the holy no 1 smoke)

Up one minute, when Kingfisher was discovered, down the next and cought by missing flow rates, big enough to solve the other problems (as drilling more wells, as building the pipeline for the down stream market). Up and down this can happen when you smoke too much No1 too. And during the down you can get head ache.