MAY 10.3% 3.2¢ melbana energy limited

Ann: Drilling update at Alameda-1, page-85

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  1. 3,626 Posts.
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    The 670m of pay is already public knowledge. What isn’t known is what this means as it doesn’t fit the geological model. This will come from the lab analysis. Presumably this will be at or in excess of the 60m bls P50. This is my interpretation of last weeks update.
    its human nature to thank someone after their job is complete. VOGC states that this figure won’t be released until after the wireline logs. This still leaves the option of a simple drilling update, VOGC can use that to harden up his assumptions on timelines. Currently 10 days, if MAY thinks they can hold off any Ann for another 10 days then they deserve Kangas wrath.
 
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