Hi Folks,
Well, well, not bad for a stab in the dark eh. Had a
sneaking suspicion for a while now, just didn't want to
be "another" speculative ramper.
Haven't had a chance to even look at the ann yet but will
have a read and pop back in. From the vibe, sounds to me
like ERM have big plans for the CMB and will become a big
player.
ERM taking a position is a huge plus in itself, extremely
reputable company, cashed up and strategically focused.
Have a think about their involvement. A percentage of MEL
and a chunk of ROG. Look at the tenements they will be
involved in, a majority of the southern basin.
If any of you have done research on the CMB itself, the
southern part of the basin is reported to be rich for its
CSG, and more (at depth, conventional), proven by MEL.
IMO, ROG's recorded well data has been enough to spark
ERM's interest. Future looking brighter indeed.
Hear ya soon....a tad excited even.
Gaspew ;)
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