Oil is on its way out., page-7

CSGguy

Forever the optimist. How long do you think Mel will take to get back on track once we get suspension lifted? Who would want to participate in any future capital raisings now that the state of NSW has been held to ransom by groups like LTG? We longterm shareholders (by default) as we cannot part with our shares as they cost us 0.60+ are stuck.

I do still believe that Mel has a huge future. Mel has already stated the biggest opposition to CSG is from areas in the northern rivers that have little or no gas, so thay should concentrate on Casino.

The other problem the NSW govt wants to reset the CSG button because they reckon Labor issued those pels carelessly. What will happen if they decide no CSG for the NR region. Mel has spent 120million on exploration and all sharehplders have lost their retirement savings? Considering that NSW has no gas industry and is the most populated state makes no sense to me with this ongoing ban.