MAY 5.26% 3.6¢ melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-34

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  1. 6,571 Posts.
    lightbulb Created with Sketch. 2484
    An increase to net pay of the zone that couldn't derive a flow rate.. yes yes... we knew this from the previous announcements about Unit 1A.

    e.g: "With a productive interval of 63 metres TVD this interval now needs to be reconsidered..." source: 5 Jul 2023, ASX:MAY, Alameda 2 First Production Results

    What was hidden by this announcement, is they are behind schedule.

    They could also be using this announcement as a way to boost the share price before they possibly run into trouble with determining future flow rates, as I expect to be the case because of a deviation to the known exploration trajectory.

    Just show us the cores of Amistad 1b- 3 lol.... was there visible oil or not?
 
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