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Moving well hey ;)
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Anyone have any idea on the timing of their projects . Both exploration and their LNG Timor Sea and Tassie projects ? I looked through the most recent company presentation and a few other documents but can't seem to get a feel for what the proposed timelines are for any of these projects ? Are they waiting on agreements with other companies ? Is there a timeline published from some time ago ?

 

Your thoughts ?

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Tassie Shoals is potentially a massive ongoing shareprice driver . MEO says there are 25 Trillion cf of stranded gas in an accessible radius from the proposed project . MEO drilled two wells in that radius last year and estimated 1.7 Bcf recoverable from one well and got reasonable flows from the other well so they are obviously a potential initial supplier to the project .

The LNG/Methanol project is claimed to need to need only 1.4 Bcf as a base reserve, as I interpret . Anyway, I speculate that MEO is not only doing roadshows to get financiers and brokers aware of the potential, but also to get stranded reserve owners to sign MOU/HOA/supply/JV deals . There could be potentially numerous deals to come MEO's way . The government appears to be in favour of the project and the reality is stranded gas now appears to have an avenue to market . Who knows when exactly the deals get achieved but when they do it will see the company and the project rerated dramatically . Methanol prices are on par with fuel prices .

 

As for near term price drivers - WPL and Chevron will have a say in that .

 

Price seems to be consolidating .

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Yes Bello, its an interesting play and like many some huge potential here.

It certainly has stimulated some market interest,...with todays volume already higher than the last two days of last week it looks like attempting to move on to higher levels(I hope) a close above 23.5c res would be nice.

 

Cheers

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