I think Metgasco has been remiss in updating ordinary shareholders. PH is available to media and makes press conferences, but no one asks the relevant questions like a shareholder would. I am sure the major shareholders have been briefed but what about answering these questions for the rest of us?
"The company will rehabilitate most, if not all, wells and facilities located on its permits."
Can the company clarify what this means? Are all wells to be filled in and abandoned, even the producing ones? Does this mean we will need to drill new wells, and thus find new funds, all over again?
Why has Metgasco suspended its conventional exploration when this was promoted as huge upside to shareholders?
What has happened to the submission for waste water treatment that was expected to be approved shortly?
What is the status of the production license granted for 40 wells near Casino?
Why has this been suspended when Government has said new rules don't apply to previously granted licenses?
MEL Price at posting:
6.8¢ Sentiment: ST Sell Disclosure: Held
