pure metgasco, page-3

I can think of another reason:
We know that MEL has the largest acreage in CM yet the vast majority of it are not explored, this came out time and time again from MEL management. Even though KF-E1 was a major discovery I feel that there needs to be more wells drilled in KF and even Mackellar to fully convince investors the resources they have in CM. Until that happens the risk involved in investing in MEL could be still considered quite high for some. I am looking at this from conventional side only.

Simply put it this way: All that land means little until multiple wells and decent flow rates are established. KF-E1 initial flow rate was great and still more to come.
Don't get me wrong, I think MEL has excellent potential to be multiple baggers from now in maybe 3+ years, that's why I am here. Meanwhile, lets see who the JV for PEL-16 will be and watch the development for Lions Way and the power station.