MAY 13.6% 2.5¢ melbana energy limited

Ann: Organisational Changes, page-138

  1. 10,189 Posts.
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    Firstly your lying. IVZ is a 40 percent take of profits. Secondly one the first two wells now MAY take 30 percent of the first 267 million barrels of oil which is appeased from this well. The third well and onwards will be 70 percent profit. So don’t come on here and not post the full information.

    Thirdly production start on late Feb to March for MAY. IVZ is almost 2 years away. Infrastructure for MAY is already built don’t need to spend anything other than trucks. IVZ need to build everything from scratch as it’s the first discovery in Zimbabwe so need sally of money for building infrastructure meaning very high CAPEX

    IVZ double the market cap on no discovery and MAY discovery already made, production for MAY next 2 months IVZ years away, MAY has infrastructure however IVZ have non MAY 160 million is worth multiples from here and will increase my holdings today
 
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