MAY 3.13% 3.3¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-147

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    Yes - I agree that options will be in the money but the strategy of keeping the majority and exercising by selling a small portion may be at risk. As the option expiry term nears the demand for options will decrease and there will be a thin market for options!!
 
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