MAY
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18.2% 3.9¢ melbana energy limited

Ann: Sale of Beehive Prospect, page-7

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  1. Picko99
    480 Posts.
    lightbulb Created with Sketch. 32
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    23/04/21
    10:23
    Post #: 52672454
    I don't like it. Beehive farm-in was the cherry on top of the Cuba drilling. Can't tell me if they'd announced a farm-in with upcoming well we wouldn't be pushing 3c this morning. Yes you get out of the financial commitment of an expensive well, but wouldn't have been hard to raise the required cash. Raise your share of long lead items on Cuba drill news and then the rest on hype leading in to beehive drill. It's not the worst news, but has me deflated a bit.
    MAY Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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