MAY 5.26% 3.6¢ melbana energy limited

Ann: Block 9 Early Production Testing Update, page-448

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  1. 7,946 Posts.
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    I’m hoping rigs come in from offtakers who will commit resources for development such as rigs and drilling teams. I don’t know how they do these deals but practically speaking u1B is ready and waiting to develop ASAP. Alexei ii has his eyes out for new pads but given the permitting is (or is close to being) wrapped up we should see some action sooner than later and certainly before A3 is finished testing Alaneda.
    I hope the co can surprise with safe / reliable / filling stations certified to truck 10,000+ bopd. Even if there is a pipe done by 2026 the extra $130M (5000bopd at $70 at 100%) this would bring in you could spare to spend $20M getting the civil works sorted trunk roads, loading dock, tanks, filling stations, traffic management, lighting etc. after all these pads will be producing for 30 years and optionality is nice. Dreaming…
 
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