MAY 4.35% 2.2¢ melbana energy limited

Ann: Alameda-2 Appraisal Well Drilling to Commence Next Week, page-23

  1. 3,048 Posts.
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    The most significant part of the announcement to me is in Figure 3.

    i only see two Melbana folks at the table...Andrew and Dr Raffa. The rest must be Sonangol and Cupet. And the CFO must be taking the shot.

    Dont forget Sonangol is stumping up 70%. Cupet is going to be picking up a 30% or so production royalty after costs are paid.

    Shows you they're serious and ready for big action... They're getting their ducks in a row...not long to go before the top of the Amistad field is penetrated...then there's 1,000m of shows with around 20% of that being conventional pay.
 
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