to play the fiddle with the mel or the bow?, page-6

Acecant

MEL, for one reason or another to this point, have not played the "game" of proving up massive amounts of 2P reserves that have no near term application.

MEL has been run more by geo-geeks (good ones imo) than marketing gurus (R Cottee being an example).

The flip side of this is that MEL have spent a fraction of the funds (but taken more time) to get to this point compared to others playing the 2P game.

So the real questions to ponder imo are something like:

# Have MEL gained a solid understanding on basin CSG and conventional gas reserves and extraction techniques?

# Are MEL quietly confident they can rapidly convert GiP to 3P and 3P to 2P as and when required with the right GSA in place and/or the right partner in place?

# If this was their strategy, and information was closely held, is it unlikely that Shell, BG or Santos could have done due diligence?

Lets just see how things play out ... I am.

Dex