MEL 0.00% 0.4¢ metgasco ltd

Yatchy I found this. From the Northern Star 24.7.2013 (Just part...

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    Yatchy

    I found this.


    From the Northern Star 24.7.2013 (Just part of an article)

    The gas companys quarterly activities report to shareholders , released on June 30 2013.

    At todays record Asian LNG prices, Metgasco's combined proven and probable gas reserves are valued at $6.77 billion in export dollars. But it has estimated up to 30% of these reserves lie in the 2km residential exclusion zones announced earlier this year by the NSW Govt.

    Unfortunately, because the State Govt kept shifting the goal posts, Mel was unable to find a farmin partner, because the NSW Govt made NSW, unattractive, to do business.
 
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