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ELK PETROLEUM LIMITED (ASX:ELK)METGASCO LTD (ASX:MEL) - Oil is on its way out., page-6 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Oil is on its way out., page-6

  1. 351 Posts.
    Even at its current low price, oil is still around AU$10/GJ. With local industrial customers paying $30/GJ and local homeowners paying $60/GJ, MEL would still have a very good market for it's gas. But a foray into high cost EPR oil at this time seems stupid.
 
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