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)
MEL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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