OG Stumpy....spoke to Phil today he said Odin had well exceeded expectations.....and was very excited about the future of the company. He said the oil prospects would be very cheap to drill and have been derisked by the V3 results although probably won't be tested until after income starts coming in from Vali Odin. He wasn't confident V3 had commercial oil and the oil shows were unexpected. I did ask about have they looked at the first well Refine was due to drill before Cervantes and if they were interested in taking it on but apparently in their opinion it didn't meet their criteria although it could turn out to be a beauty. They seem very bullish on Cervantes....and have high hopes and big plans for MELs future again expecting substantial cashflow from Vali Odin... Obviously he like us thinks the co is way under valued ...
MEL Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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