MEL 0.00% 0.4¢ metgasco ltd

If the State Govt does not want a Gas Industry, in NSW,they...

  1. 629 Posts.
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    If the State Govt does not want a Gas Industry, in NSW,they should compensate Mel for their certified reserves, because someday they will eventually get developed. The gas is there and its not going anywhere. Mel risked shareholders money to find gas. If they were given 120 million, the money they spent and gave the pels back , and then went elsewhere and found nothing, then we have lost all our money. Look at our recent, venture with Elk.We nearly fell in the sinkhole. Most old shareholders desperately just want their initial outlay. We are at the end of our tether. I dont want another 4 years of nothing. Desperately need money back.

    What are our 2p and 3p certified reserves worth?

    Baird said, that Mel did not win the hearts and minds of the people of the NR, then why is it that Mel drilled 50 wells in a 10 year period in the NR, with no opposition, until the emergence of LTG and the Greens?

    Why Mr Baird? And you keep saying that NSW is open for business. Yeah, right!
 
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