starting to worry, page-15

I agree, we shouldn't be worried.

MEL stands in a good position esp. when comparing with our peers. The HQCEC 19.9% stake in LNG demonstrates more good things to come.

A catalyst for MEL would be the completion of the feasibility studies for MEL-LNG (a pipeline from Casino to Gladstone). If proven the project to Gladstone is economical and feasible. MEL would see a re-rating and interested companies possibly trying to takeover us whether it would be Chinese companies or local companies. But I'm sure a company like Dart Energy DTE would be watching over MEL's developments. Further upgrades to our CSG and conventional gas reserves would be a strong plus.

Have a look around companies like ICN, BUL, COI, and DTE don't have any certified reserves in Australia. Apart from comparing with ESG or BOW. I think MEL is in a good position. Being undervalued at the moment would definitely raised the eyebrows of interest parties, hold on till the coming weeks and months.