MAY 4.35% 2.4¢ melbana energy limited

Ann: Block 9, Alameda-3 flow testing commences, page-184

  1. 5,044 Posts.
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    The vibe on this flow test was better but theres no guaranteed unless we see an announcement stating X thousand barrels a day official. Dunno if its day traders again ( the 50% drop hurt all longies and tradies) or soneone realising that based on Amistad and Aus assets we are worth more than 3.9c. I am stuck w to sell at loss and miss out on potential tripling if good flows achieved or keep and get another creaming. Some even had to hid in the shed from their wife.
    The recent rise is a combination of desperation desplay crazy risking or one of hope. Hope MAY flows like clappers and bring back the undead. But i caution that so far no announcement has given an indication of whether flow of oil is achieved and meets expectations. Based on what we have excluding the painful martiand hopeful Alameda3 wells we surely are worth more than 10c alone. I beg to be surprised. Hope ...lets pray. AP has given hope all is not lost but has hasnt delivered the goods yet.



 
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