MAY 3.13% 3.3¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-498

  1. 9,867 Posts.
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    Well, tbh, It comes across as you’re venting. Absolutely understand the frustration, we’re not where we hoped we’d be that’s for sure. Perhaps try zeroing in on the fundamental reason as to why that is? (no, I don’t mean the finger pointing, management bashing that we’ve had to endure). If you can deduce that the down hole pressure was just far too high to safely run a flow test on without putting lives in danger and having a possible environmental disaster to be responsible for, then you should also understand that with the right equipment and well design this is actually a positive because it should significantly increase the recovery rate. We have two resource assessments being put together as we speak, most likely larger than Amistad. I’m wondering how many here having a whinge are new to O&G investment? Because all I’m really hearing is a good old whinge about how AP said one thing but another thing happened…..well guess what? That’s O&G for you, I said it over and over, when you think everything is rosy, expect the worst, that’s how it goes but it’s about having the fortitude to ride out these lean times because things do turn around pretty quick. I dare say there’s a fair crew who over leveraged here and didn’t lock in profit or free carry, well you’ve only got your own greed to blame. @VOGC@Ya et el would be steering well clear of commenting on this sh!%show until you all put your big boy pants back on……it’s seriously turned into an absolute sook fest. Reckon I’ll do the same, will be buying what i can and revisit in a few months, good luck all.

    p.s. 30c will happen, just not in the timeframe some expected.
    Last edited by jakspara: 02/05/22
 
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