...news on the forgotten block can’t be too far away...assume most are expecting it to be dumped as relatively small prospects.....?
ATP2020 During the March quarter additional interpretation of the re-processed seismic was carried out to support hydrocarbon migration pathways into the structure is in progress. Sub-surface work to determine prospective resources for the Loki structure was deferred to Q2 CY2020 due to prioritised activity on other licences.Metgasco’s ATP2020 licence allows near term exploration commitments to be deferred to future years.A decision will be made in the first half of 2020 on whether to continue holding the licence based on further technical work on the licence and success on securing a farminee.
MEL Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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