why i don't buy mmr

For better or worse (and normally worse) I possess that innate gamling spirit which often causes me to be attracted to a get-rich-quick oil play.

Pep 11 is certainly one such play

But I hesitate to buy into this situation because:-

1. Santos once held this prospect and walked away
2. I don't understand the terminolgy "flat spot" mentioned in a recent report.
3. I suspect that the companies with interests in the propect will use the opportunity to "milk" the market prior to commencement of drilling. MMR will float Advent for sure and I just can't work out what interest MMR will end up with
4 Will MMR holders receive an entitlement to the float of Advent

I would be pleased to hear from "Upmarket" or any other well informed posters


can sometimes and it's that dubious quality that has attracted me to