Excellent Webinar discussion the main points I found were as follows:Sounds like 2023 will be pivot year from explorer to producer with a good cashflow and lots of blue sky with further possible new gas discoveries.
- At a capped gas price of $12, the operation for MEL is still hugely economic
- MD Aitken states MEL is seriously undervalued at these prices
- All progressing well with construction, MD is very confident of gas production 2nd half of January
- Seismics to be done 2nd half of 2023 over other areas of ATP2021 and PRL 211
- 2024 more exploration wells likely to be drilled on the new prospects found by Seismics done in 2024
- Odin 2 to be drilled in early 2024
- Looks they are aiming for maximum gas production of 20 MMscfd through the pipeline
- In the futur, if further gas discoveries are made on their tenements ATP2021 and PRL 211, they may look at building their own processing plants rather going the Santos plant
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