MAY 3.57% 2.9¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-253

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  1. 3,626 Posts.
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    Whilst I acknowledge there are some who dont accept AP's word for it ,this is the second deep (expensive) well that AP has initiated where there was a shallow, easy drilling alternate choice with a high COS .Now he is forced to work the alternate with an unknown (to SH) sum of money to earn the revenue needed to proceed as both deep wells have failed to do, which really wasnt hard to predict. This is not a logic I subscribe too. I assume there is now a CR needed. AP has shot us all in the foot.
 
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