esg mel bow, page-4

"" MEL has the lowest cost reserves and the biggest upside, but greater risks with lower flow rates.""

eerrtt,

I don't like to advise anyone into buying any shares lol.

But, one thing is for sure. And that is the comment you made above. Hence why I want to clarify the issue a little more.
IMHO, the lower flow rates are not risky. They are in fact more profitable because they have no water coming at surface and no problems in the associated costs with the disposal of it.

Besides the costs involved in the drilling of these dry flow gas wells, are only about 1/10th or even less that what a well could cost for other CSG wells with water and the depth involved for the drillings, and usually the gas from these dry wells, will naturally flow to the surface at a good pressure without any aids to pump it up either.

The Holy man gave a good explanation on how things works.

Conventional gas IMHO works on the same principle and MEL has a very good well in place in Kingfishre, and which is still testing with very solid and positive results.

The ones that may have higher flow rates, but they have water problems to contend with, they are the ones that IMHO would/could be a little riskier and costlier. Take in consideration for instance the restrictions imposed by the Federal Government for the approval of the LNG plants in QLD, and there lies your answer.

I hope this will help, and please DYOR.

Buddy