Been in this since they aquired the blackall assetsnow they have...

Been in this since they aquired the blackall assets
now they have finally started to rework the wells
IMO large volume was people soaking up substantial holder's shares, great time to get in before all the action starts up, multiple billions of gas per day at low risk. Worth having a look at MDAOA over a 3 year expiry 6 cent excercise and right on the bottom price, picked up some yesterday at .005 which probably belong to the same holder selling as others are reluctant to sell at these prices :)

future activity

? 16 Gas and Oil wells with historical gross gas production of up to 28,000MCFPD
? 15,000 Acres of exploration and permit acreage
? Infrastructure plant and equipment with a replacement value in excess of A$15 million
? Numerous drilling targets for gas production
? Offshore Platform infrastructure with historical production of 65BCFG and estimated
potential remaining reserves of 13.1 BCFG
? Established connection and delivery to gas supply network
? Detailed engineering plans to increase production from current low levels of 154MCFPD
to a targeted 10,000MCFPD within 12 months.
? Highly skilled operational team to management the production

one to keep a keen eye on