MAY 9.09% 2.0¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-175

  1. 646 Posts.
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    My question stated - That you are referring to a drill plan.

    You realise this is not locked in concrete if you knew anything about drilling.

    Why people here have unrealistic expectations I have no idea. Please give me examples of any large civil works, construction, drilling that are done on time in most countries in the world, when you are drilling into ground with unknowns (yes they are following previous drill but every drill hole is an unknown).

    The plan is a guide not a bible. Chill out.

    See that table of P-10 / P-50 / P-90 and how there is no such thing in a plan as P-100 because its impossible to forecast?

    Does MAY more often than not probably underestimate - sure. Take that into your investment thesis. But to complain is to show you shouldnt be investing in O&G. I hold over 5 million shares and I wish that it wasnt the case, I wish we were at TD. I wish we were flow testing but we are not. Such is the nature of the game.
    Last edited by articulix: 27/03/24
 
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