MEL 0.00% 0.3¢ metgasco ltd

mel is totally undervalued and misunderstood, page-68

  1. 949 Posts.
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    This is Mr Lincoln Augustus, first second cousin of Holymagiman.

    Just some thoughts on Metgasco on a warm Saturday night.

    It appears, from Eastern Star's latest announcement, that there are plans afoot to ship ESG coal bed methane to Gladstone via the Roma-Gladstone pipeline. Obviously the most practical thing that ESSG can do.

    Metgasco is having a pipeline running from Casino to Ipswich. There is already a pipeline connecting Brisbane to the Roma hub. So I would suppose that there is no reason why Metgasco cannot end up as a supplier to the LNG plants in Gladstone.

    In my mind, Metgasco is still the most undervalued of all the coal seam gas companies, and sooner or later, people are going to be awakening to this fact. And then it is going to be too late.

    All of which makes for interesting possibilities.

    And the Riflebird-E15 exploratory well for coal seam gas in the Walloon Coal Measures should be completed and coming up with some good news in the coming week. We are expecting the results to be rather good. So all appears well, and things should be moving along nicely, and the meek who have been unwavering in their belief shall be truly inheriting the world.

    Blessing of the Lord
    MLA
 
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