Getting a bit ahead of ourselves.
MEL will be running on fumes at the moment .
Revenue will only start a month after gas is delivered and will only be very modest until the second and third wells are brought into production.
There will be creditors to pay and a need to rebuild the balance sheet .
More drilling at Vali and Odin has been flagged as have been drilling on the shallow oil targets in the permits .
Any new projects would need fresh equity and who would want that .
They are a financially fragile minnow at the moment and if they try and go too fast imo it will be at the expense of the share price .
Ann: Vali and Odin Update, page-137
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