Monitor Exploration Limited (MEL) is a UK private exploration company, established in 2008, for onshore Oil and Gas exploration in Africa. MEL was formed by Geodynamics WorldWide (GWW), a specialist oil service company.
MEL's strategy is to build a portfolio of licenses with balance in terms of geological and political risk, on terms that do not include unmanageable financial risks in terms of commitments, which in three years the Company can valorise through farm-outs to fund the next phases of exploration, and/or a private placing or IPO if market conditions are favourable.
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