MEL metgasco ltd
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  1. Quanta
    11,703 Posts.
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    25/04/15
    12:01
    Post #: 15154658
    Metgasco wants at least $120m to dump Northern Rivers plans


    METGASCO is negotiating with the state government over a rumoured $15 million out-of-court settlement to end its Bentley suspension woes.
    But an industry source said there was "no way" the company would walk away from PEL16 for anything less than $120 million.
    Yesterday the company confirmed it was in discussions with the government for a possible settlement.

    http://www.dailyexaminer.com.au/news/metgasco-negotiating-deal/2364075/
    MEL Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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