MEL 33.3% 0.4¢ metgasco ltd

Ann: Odin-2 Appraisal Well Successful, page-29

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  1. 6,607 Posts.
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    Thanks OG. I would've liked to see some more moderation in the Vali curve, but all in all that's been a solid producer. All about funding proposed operations now - V2 and O1 work plus O2 connection, if all successful, would be transformational for cashflow and the sustainability of the business. I'd like to see them place the SPP shortfall and then enter into a decent sized loan facility. Hopefully some news there soon, but surely a good sign that they've committed to operations in the near term.
 
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