MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-268

  1. 3,629 Posts.
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    Agree with you Brighty. The Amardi was a serendipitous find, a bonus if you will. This result hasnt changed my strategy at all which is to await the Alameda and Marti structures, which have extensive pay under high pressure. I need to sell a handful to keep the household running but this is a gross overaction to an overexpectation compounded by an extended wait. It will sound like self justification to the nay sayers but this is still a positive, it,s just less of a positive than some expected. Clears out the faint hearted.
    On the subject of the long delay. Quotable quote "we have done nothing with Alameda. We are 100% focused on Zapato, nothing less than it deserves". That aged well. An impeccable source says a second rig was available. Another 3 month hiatus until we get to where we need. Given up mowing lawns now on a vintage car full resto.
 
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Last
2.6¢
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Mkt cap ! $87.62M
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2.4¢ 2.6¢ 2.3¢ $70.57K 2.958M

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2 183567 2.5¢
 

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Price($) Vol. No.
2.6¢ 170778 7
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