MAY 0.00% 2.6¢ melbana energy limited

Ann: Cuba update, page-27

  1. 82 Posts.
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    Thanks Spitfire - very informative and not waffling at all! - the back ground and context is important to understand the risks/opportunities in the Cuba play. I was wondering if the lack of explanation for the missing NZ is one of the factors why investors are not getting onto MAY at this stage. The explanation you have provided, while not giving a definitive explanation for the NZ miss, certainly dismisses any idea that the drill operation in itself contains a high degree of risk. From what you and Sinnickel have said, we should be pretty confident that the drill bit will hit the spot. Further, there is less a question of whether hydrocarbons will be found in this location given its history - more a question of recoverability.
    I agree that this is a very good time to a MAY holder and also agree with you comments re the dual listing.
    An interesting few months ahead. Thanks again for sharing your knowledge.
 
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