forty mb oil target this tuesday , page-2

marksman

I think that OIP will go up more than double on an oil discovery. Remember that there are 4 secondary gas targets and the first one they will encounter is the Hutton sandstone ... which is the equivalent of the formation that MEL has hit gas in at Riflebird.

Regarding the current shareprice .. remember that the IPO was at 20 cents but you received a free option that is trading at 4.5 cents .. so 15 cents a share is about right at present.

H