MAY 3.57% 2.7¢ melbana energy limited

Ann: Update on Appraisal Well Drilling Program Timetable, page-248

  1. 3,621 Posts.
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    We are now at the expensive phase, drilling wells, putting in infrastructure and doing more seismic. The upside is that production will bring cashflow that will fund more wells and hopefully eventually dividends to shareholders in time.
 
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