Ann: Vali and Odin Update, page-154

IMO, MEL has to be one of the cheapest and best buys in the junior oil & gas sector, those gas production projections are very impressive. Indicates they will have a 20 year plus cash flow.
A lot of the current ASX junior oil producers have impressive sales revenue figures each quarter but operating and development costs eats away a lot of their profits, over the 2022 CY very few showed an improvement of their bank balance without having to go to shareholders or getting into debt, even with the high oil prices of 2022, which at one stage reached $120usd. Also many of these oil wells have a relatively short life.
IMO, MEL won't have the same operating/development costs as those oil producers, thats the advantage of having a pipeline and gas production.
Also lots of blue sky for the share-price when they drill other prospects in their prospective Cooper Basin areas next year, after they carry out their seismics which are scheduled for later this year.