Hi Hot capital and all, Don’t forget just how confident people...

Hi Hot capital and all,

Don’t forget just how confident people where back in 2010 they not only knew the sweet spot to drill the hole they even had an estimate of how many Trillion cubic feet of gas they intended to find. So confident they had no problem spending some $20 to $30 Million dollars of shareholder money.

Following revision of newly reprocessed seismic data by Tanvinh Resources, a new target has been increased to prospect status and will be the first prospect drilled in PEP11. The prospective P50 Original Gas In Place (OGIP) estimate is 6.09 Trillion cubic feet (P90 = 1.77 Tcf, P10 = 24.76 Tcf).
Further details

http://www.mecresources.com.au/pdf/ASX%20MMR%20Advent%20Contracts%20Drilling%20Rig%2019.04.10.pdf

Lets hope this time they use the limited shareholder funds more wisely, in my opinion a decent survey using all the latest technology would be a good start, just my humble opinion of course!

Cheers and very best regards: Andy