At least we now have some 'news' and I take it as a positive & for a clearer picture to emerge on how MHL plans to move forward and deliver growth to all shareholders...
Extract from the April 2010 MHL Quarterly Report -
Forward Program The forward program has been delayed by the Cooper Basin flooding, however the program remains as it was last quarter with a focus on testing and developing Fury-1 & PEL115 development, whilst at the same time assessing numerous new venture opportunities that are aligned to the companys strategy.
From the MHL website - http://www.monitorenergy.com.au
Our Corporate Strategy includes:
* operating in a Safe and Environmentally responsible manner * growing our asset base to add value for our share and stake holders * developing near term energy related projects and opportunities * developing business aligned relationships that leverage competencies, services and skills for "first to reward" outcomes * seeking "best fit" partners to aide MHL in it's business forward strategy * identify early business imperatives to profit - uranium and petroleum production * assessing energy opportunities throughout the world; * to maximise the efficient utilisation of SMART - Strategic, Management and Application of Resource Technologies to its portfolio of energy assets.
WM
MHL Price at posting:
0.4¢ Sentiment: LT Buy Disclosure: Held
