MAY 4.35% 6.6¢ melbana energy limited

Cuba Block 9: Alameda-3 Drilling Update 29 February 2024, page-187

  1. 10,074 Posts.
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    lol your top layers of 400 million barrels have not sold a dollar it’s almost 12 months later. The reason is because of the product and its flawed nature. Discovering another 400 million barrels doesn’t make a difference they can’t even sell the current oil and it’s being trucked so to say it’s due to infrastructure is garbage. Also not even an offtake for the past 12 months which is even worse with all of Cuba in energy crisis.

    For a commodity you need:

    1. quality product
    2. demand

    You have neither. Anyways will be interesting when they announce some news flow when investors will try and exit before they get hit with the raise straight after unless they can get an offtake agreement
    Last edited by Roch2077: 09/03/24
 
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