MAY melbana energy limited

Ann: 2024 AGM Chairman Address and Company Presentation, page-215

  1. 8,413 Posts.
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    Hi TC. Not sure exactly what the question is. But for the record, here is a drilling timeline:

    * Alameda-1 - Spud 13.09.2021. TD (total depth) called at 3,916 mMD (metres measured depth) on 17.03.2022.
    * Zapato-1 - Spud 21.05.2022. TD 3,152 mMD on 27.10.2022.
    * Alameda-2 - Spud 19.06.2023. TD 1,597 mMD on 14.07.2023.
    * Alameda-3 - Spud 15.12.2023. TD 3,880 mMD on 18.04.2023.

    Interestingly - Looking at the wording used by AP in the past, he confirmed on 29.11.2023 the "imminent spud of Alameda-3". Alameda-3 subsequently spudded on 15.12.2023, 17 days later. So in AP-Language, imminent (very soon) means "a few weeks, or thereabouts". Worth noting is that it has now been 16 days since AP stated that commencement of the workover on A2 was "imminent". Supplies from Canada should also be arriving as we speak. No update on the service rig, but we assume it is on the move (previously confirmed as being in Cuba).

    And on that note - Price action PM yesterday seems to suggest that something is indeed imminent. May open well bid this morning. Offers thin, so chance of a run to 3.6 imo.

    Enjoy your day.
    Kit.
    Last edited by Kit67: 05/12/24
 
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