MAY 4.35% 2.2¢ melbana energy limited

Ann: 2023 Annual Report to Shareholders, page-15

  1. 6,481 Posts.
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    Releasing the Annual report early... I wonder what information they might not want to include from October 2023....

    October 31st is the due date for these reports:
    https://hotcopper.com.au/data/attachments/5610/5610270-9aa87c3384d69079fc19cb586daf4ea5.jpg
    source: https://www.asx.com.au/content/dam/asx/markets/company-reporting-calendars/company-reporting-dates-2023.pdf

    Nothing is making sense to me. The executive chairman previously told us they wouldn't want to do anything other than what was previously planned because it would mean they would be taking materials away from Alameda-3 and using them elsewhere. Then they told us (after Alameda-2 concluded) it was the results for Alameda-3 which "excites shareholders"... Somehow this rationale has been magically forgotten.

    Something doesn't sit right with me. I wonder what they might be trying to evade, possibly trying to avoid being forced to report on what happens in October. Over the last two years (whilst drilling with good news, and with much excitement) previously they reported on: 21 Oct 2022, 29 Oct 2021 for their annual reports.

    Where there is smoke there is usually fire. I can't fathom what might be wrong, but maybe they are anticipating a failure for Alameda-2's 1st production well?
 
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