Sunday 7 April 2013

Desperate to stem the downward trend to its share value Metgasco sneaks into the media 2,000km away from its coal seam gas tenements

 
Coal seam gas company Metgasco Limited on 4 April 2013 trying to talk itself up on Page 51 of The Advertiser in Adelaide, approximately 2,000km away from its NSW exploration tenements:
 
COAL seam gas miner Metgasco says it has been asked to consider gas projects outside New South Wales after new government regulations led to it suspending its operations in the state.
A day after CSG player Dart Energy announced it would suspend its NSW operations and sack 70 per cent of its staff, Metgasco chief executive Peter Henderson said his company is receiving invitations to invest in projects in other parts of Australia and overseas.
 
This company’s 5.5 cent share price at close of Australian Stock Exchange trading on 5 April 2013 does not support Henderson’s hype:

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