MEL 0.00% 0.5¢ metgasco ltd

I can assure you that would be a disaster and an absolute...

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  1. 8 Posts.
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    I can assure you that would be a disaster and an absolute company killer. Cliff Head is close to the end and with new NOPSEMA regulations will be forced to P&A wells within 3yrs of cessation of production. That'll be a 100mill spend for no return - a bill the current JVP have no capacity to pay. The management team are aware of this and in no way would be considering going near that asset (IMO DYOR)
 
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