MMR mec resources limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-23

  1. 12,572 Posts.
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    Given up cross promoting BUY, now cross promoting BAS? You have two problems at BAS. First problem, PEL182 is never never project despite you trying to pump it. What did the bagholders get? an empty report, what a surprise, except to you as you were offfloading the BASO you told everyone you were converting. Second problem, you have lots of condensate at Kiwi but you don't have any infrastructure. You could build some storage tanks, but BAS has no money. Even if you had the money to build the tanks, what would you do with the gas? flare it? Kiwi 2 well would be interesting but that won't happen without a JV partner, BAS needs a big farmout. BAS is cooked until someone with some real coin steps in to commercialise it. Until then, it's just a haven for pip traders like you.
 
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