MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 - Early Production and Spud of Alameda-3, page-392

  1. 19 Posts.
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    @moose Price wise I have absolutely no idea, I would have thought we would have been sitting back at 10-13 cents for the last 3 months with this drill campaign but the market clearly thinks differently, I dont focus about the SP in the short term and just look at how we are are progressing the project at some point the SP will correct itself but trying to time it would require a Crystal ball.
    Oct: My hope for October is a few weeks production to gather data from the well and ensure trucking logistics, sales contracts, metering of product etc are all worked out. shut in the well and commence drilling of A3.
    Nov: Cement casing making the well site safe and re commence production from A2, continue drilling A3.
    Dec: Complete drilling of A3 hopefully we achieve results similar to A2 with flowing oil and gas but with a larger target and higher flow rates.
    Hopefully by the end of Dec we will have the 2024 plans.
    I think having higher expectation than that is unrealistic.. Little hiccups or safety events will only slow things down so hopefully we dont see any.
    Just my thoughts.
 
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