why own these complicated csg shares

  1. 14,240 Posts.
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    Toughguy,

    You seem to me to either be doing a very one-eyed cross ramp, or to be extremely ignorant, perhaps both.

    BOW is well positioned for market, where as MEL appears to have long suffered from lack of market access. One it leaves the well head who cares whether it was from a conventional or structure, or from a coal seam.

    I suggest the complication for MEL holders might be too fold:
    1) Ignorant/desperate holders scoring own goals knocking csg
    2) Further definition of what has been discovered

    Meanwhile BOW has quickly worked up one likely multi- tcf gas field, and is working on several others - whilst MEL has probably been sleeping trying to make the economics of a possibly second rate csg resource fit into a low value off take deal?

    EL
 
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