MAY 11.5% 2.3¢ melbana energy limited

Ann: Sale of Beehive Prospect, page-12

  1. 2,181 Posts.
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    Good luck in Cuba people but Beehive was the flagship prospect.

    A better announcement would have been for this company to farm-in 75%, award some back costs & free carry MAY for the drill. They don't even have to 3D siesmic for god's sake - thanks to Total & Santos.

    Upon success MAY could have then sold out to avoid development costs & the share price would have rocketed!

    Market seem not too fussed so far!

    .
 
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