MAY 6.25% 3.0¢ melbana energy limited

Cuba Block 9: Alameda-3 Drilling Update 29 February 2024, page-362

  1. 3,688 Posts.
    lightbulb Created with Sketch. 1085
    im tired of these vanilla operational updates. big deal...we've reached X,XXXm (typically behind an unrealistic schedule- zero lessons learned there....) and digging further ahead....no updated guidance, no operational updates, no whatever the f_ all the new staff or AP is working on....are they twiddling too??

    fact - he told us Feb for the updated reserves report, no correction, zero update. Looks like March will be bypassed too (5 trading dayz left).

    Just silence.

    so what has been achieved in the past 4 months??

    got nothing to do with nerves champ - been here a while like you, but this wreaks of mismanagement. We all know whats down there.....all it needs is a better salesman and my used car dealer can do better!

    we have felled one of the largest logs and yet...
    https://hotcopper.com.au/data/attachments/6046/6046655-4aae33902c0ccbc27990857d90d3755e.jpg

    should be one of the largest onshore discoveries in the past decade....but who's heard of it???

    our time, $$$ and patience all have opportunity cost. this has cost us all. we need to reap our collective payback...the SP inaction for months says it all....we should be dancing at 10c++, no lingering at 6c....

    here we sit 97 days since spud.....and all we know per the ONLY timeline estimate is TD should have well and truly been reached:
    https://hotcopper.com.au/data/attachments/6046/6046747-f141985bc8996b9d617c85fc98c2a0a7.jpg
    how can we be so close to target yet feel so far away?

    pull the finger out AP - i feel a spill motion is heading your way at the next agm....and those perf shares - ki$$ them goodbye (what performance!)
 
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