MAY 3.23% 3.0¢ melbana energy limited

Ann: Trading Halt, page-39

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  1. 3,644 Posts.
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    Jakspara,

    I do reckon things are moving quickly, I would say that the below ground assumptions have drastically changed based on the data from the well.

    Getting production in place and reserves worked out will be the important driver. This will drive financing potential and therefore further growth opportunities.

    Some of the company commentary has talked about opportunities being presented. I would if I was management look at getting more acreage in Cuba to control more of the trend. Preferably onshore so economic thresholds are much lower and development is quick.
 
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8 2060419 3.0¢
 

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Price($) Vol. No.
3.1¢ 490635 4
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