MAY 0.00% 3.1¢ melbana energy limited

Ann: Drilling of Zapato-1 exploration well commenced, page-51

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,305 Posts.
    lightbulb Created with Sketch. 1029

    Hopefully this will be another massive oil find with light crude oil with a bit of luck, this time they will be prepared for the massive pressures. If this is another oil discovery nothing will hold MAY back.
    Should have the Independent Resources Assessments for Alameda and Marti from the Alameda-1 discoveries well before we reach total depth, should be any day now. Its been about a month since it was announced in their last quarterly that "an update of the predrill resource assessment for the Alameda and Marti intervals will be released from the independent reserves certifier once it becomes available". Last time it took about 6 weeks to calculate from when the logging results and net hydrocarbon pay were released. The Alameda and Marti net hydrocarbon pay results were released on the 7/4/22, that is now also about 6 weeks.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.