MEL metgasco ltd
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They seem to be drilling these wells very efficiently .Only...

  1. jophda
    4,914 Posts.
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    27/05/21
    14:47
    Post #: 53460998
    They seem to be drilling these wells very efficiently .
    Only around 2 weeks from spud to TD for 3000m+ wells is good .
    (Does anyone know the actual spud date.)
    Rig down move and rig up to drill seems quick too.

    Suspect they are under budget .
    Could they squeeze in yet one more well after Valli 3 ?

    Not a discovery yet but no bad news and very encouraging .
    Bring on the logs and the MDT's
    No love from the Market yet but at our $13M market cap we have huge leverage if the well testing results are good.
    MEL Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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