MAY 2.17% 2.3¢ melbana energy limited

Ann: Trading Halt, page-60

  1. 26 Posts.
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    Oh settle down. The original dates were dry hole dates i.e. P&A not C&S.
    The current timelines show that its C&S style timelines.
    The capital raise is done so no use getting shirty about it. We don't know the price it was done at and we can't change it.
    The wall crossing that was done may have included the results from the upper sheet - it will have been a week from the last webinar to opening of trading on 16 March.
    The spend was always going to be more on a C&S basis. Those in the O&G business are always happy to spend the increment to C&S rather than P&A.
    The real question here is what is the recovery factor and what is in the upper sheet. Those two facts will underpin the share price.
    And yes I have been holding this for more than a decade. And I'll be happy to see the next couple of years finally deliver and deliver and deliver.....
 
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