MAY 11.5% 2.3¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-272

  1. 2,200 Posts.
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    Hopefully AP will be making a big announcement from Cuba, he would not go to Cuba for no reason, he owes it to the shareholders for the BS over the last few weeks of misleading shareholders that they will be flow testing now and then go into production. Don't understand in these circumstances why they don't go and drill straightaway the upper sheet to start producing and get a cash flow happening and then drill Zapato, this will reduce MAY's risk considerably, what's the rush with Zapato it is unknown prospect. Get some cash flow going so that you don't need do another CR and further dilute the value of the company. Overall nothing much has changed the oil is still there and lots of it but production has been delayed now for month. AP should now update the Timeline.
 
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