MAY 5.26% 3.6¢ melbana energy limited

Ann: Forward work program for Block 9 drilling program, page-224

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  1. 2,164 Posts.
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    It's actually the opposite when you hit a home run, a winner in a bad market is more likely to run hard lol in my time of investing I have seen that many many times.

    To the point that everything tapers down and you have this one beacon that goes off. For the winners that then gives them an opportunity to buy depressed stocks which is what I would call a win win situation.

    Oil is the right commodity for war / conflict other than gold and so far it is looking that we have a big find on our hands that can be monetised quickly.

    Every heard of the Petro-dollar? Petroleum is as close to cash as you can get. Anyway I think a lot of people can't wait the couple weeks management are taking to release factual information but my bet is the wait will be worth the reward. We shall see, innuendo was there in today's announcement they've got natural fractures pressure and a crap ton of oil in place you do the maths.
 
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