MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-346

  1. 8,403 Posts.
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    "They knew apparently it was heavy oil but apparently they didn’t let the market know it won’t flow for that reason hence my change of sentiment."

    They DID flag this several times (most recently on the 5th July 2023). You chose not to read it. Simple as that.

    A2 (upper internal of the Amistad structure) is exactly the same as the other shallow fields. The company has been very clear about this. You probably missed it as you spent all your time hammering your keyboard telling us all about how undervalued the stock was. It makes me wonder: was your valuation entirely based on A2? and have you totally forgotten about A3? I seem to remember you also banging on about the Evolution Capital valuation, which centered its valuation (23 cents I think) primarily on A3? Have you totally forgotten about what you actually said Rochy? Really??!!!!

    Kit.


 
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