Fresh EME Thread......

Robin,
On MTA we are waiting for a rig to drill a previous prospect that flowed 1.5mmscfd from a damaged well.MTA believe it could flow up to 4.0mmscfd undamaged.If they are correct that will produce annual gross income of approx £6m against a market cap of £7m - so you can see why we are excited.The damaged well flowed unassisted so it may not need fraccing.A second well is also due to be drilled before the end of the first quarter on a smaller target and this has been identified by seismic 3D ( with a direct hydrocarbon indicator) and shows a thick reservoir section.Sorry for the off topic but its all on the MTA BB if anybody is interested.