"The idea of MEL & DTE merging would not work. Its like putting all your eggs in one basket."
More likely though that Erm Power (EPW) make a bid for Metgasco Clarence Moreton tenements.
Makes sense to me.
ERM have the potential to become one of the major power brokers in NSW, especially Nthn NSW.
It is already a major shareholder in Metgasco and has farmin deals with Red Sky and Clarence Moreton Resources (CRM)which has bordering tenements to Mels.PEL 457 and 479, and 65% in PEL 478 with options to increase to 100%equity in each of these permits.
It is a major shareholder of Red Sky amd Metgasco.
Can't think of a better time to acquire both, doing a deal with LNG for some supply.
"The idea of MEL & DTE merging would not work. Its like putting...
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