MAY 0.00% 3.2¢ melbana energy limited

santos takes option to drill 80% free carry, page-8

  1. 2,207 Posts.
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    Well I was very wrong - no movement in share price at alI.

    I guess STO's conditions (need to farm-out & no drill until 2021 ) has underwhelmed the market!

    If MAY punters not impressed by this news then I doubt MEL holders will be either - is this is the final nail in the coffin of the MEL T/O?

    What will AP do now - extend MEL offer until STO get a farm-in partner in March 2020 - is this even allowed??

    .
 
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