MAY 4.76% 2.2¢ melbana energy limited

Ann: Response to ASX Query, page-213

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    Whilst we are focused on the outcome of Al3, I think a pending announcement will focus on commercialisation of 1B. This is a big deal as it flicks a switch in the CUPET contract, makes MAY a producer and require tens of $m in infrastructure capex. It fits with Duncan’s event pronouncements whom I recall wanted to defer Al3 in favour of more straws in 1B, based on them being shallow easy drills which provide cash flow. TBC
 
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