From the recent Webinar Aitken stated they were aiming for maximum gas production of 20 MMscfd through the pipeline when Odin comes on line. He also stated at a capped gas price of $12, the operation for MEL is still hugely economic and considers MEL is seriously undervalued at these prices. He also stated that down the track, if future gas discoveries are made MEL will look at building their own processing plants rather going the Santos plant. IMO all looking good for MEL.
MEL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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