MAY 6.67% 3.2¢ melbana energy limited

Ann: Investor Webinar Presentation, page-134

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  1. H18
    98 Posts.
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    IMO there’s a serious short term catalyst being overlooked here. I think a few people are forgetting that A2 can go on production when the casing is set above unit 3. At the current drill rate that could be as early as 20-25 days from now.
    People concerned about the lower sustained production volumes are forgetting only 20% of the net pay zone was perforated. A few perforating guns later this could be a different story. I’d guess that those discussions with purchasers that were being talked about in the webinar may need to be coming to fruition in time to take the oil. In my view that would be likely to occur at the nearest opportunity.
 
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7 1456582 3.0¢
 

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