MEL 0.00% 0.5¢ metgasco ltd

Just enjoyed going through the presentation from today, about...

  1. 347 Posts.
    Just enjoyed going through the presentation from today, about the only thing I enjoyed today as I got mostly belted in the market correction.

    Slides 8, 10, 11 and 14 (I think) of some particular interest I reckon. Worth casting an analytical eye over. A good illustration of reserves, conventional potential and possible markets. I had no clue that Lion's way pipeline could be as big as 20 inch. That would have some pretty decent gas-carrying potential as illustrated, and open up some markets!

    Presentation was a timely reminder of the underlying value today, and potential, on a day when I slipped back into the red with my overall holding. I'd like to buy some more but as others have said - there may be a chance for an even lower entry yet in the absence of further news.

 
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