MEL metgasco ltd
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MEL's SP is in a holding pattern ahead of some key project...

  1. OldGeo
    1,809 Posts.
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    06/09/21
    13:51
    Post #: 55863057
    MEL's SP is in a holding pattern ahead of some key project announcements over the next quarter. Below is why the JVP must production test the Toolachee as a priority in either Odin-1 or Vali-2. In my view, if they don't test the Toolachee before first gas, Project decision quality will be eroded because reliable and meaningful information on the Toolachee deliverability will not be available to support future deliverability decisions. Below are historical production plots from the nearby Beckler Field which has both Toolachee and Patchawarra gas pay. The plots in my view speak for themselves......

    https://hotcopper.com.au/data/attachments/3549/3549614-fa6f2648771bf75d7287fe3aca464b91.jpg
    https://hotcopper.com.au/data/attachments/3549/3549616-84ac097cb84fed52c8298d973437ad3a.jpg
    https://hotcopper.com.au/data/attachments/3549/3549619-2cf288adf5d6b92ddeac40a02d1ff593.jpg

    https://hotcopper.com.au/data/attachments/3549/3549625-104c23e8d9c3101a4e08fdabeeeac552.jpg

    Kind regards OldGeo
    MEL Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 5  Great analysis
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