MAY 4.35% 2.2¢ melbana energy limited

Ann: Alameda-1 Drilling Update, page-660

  1. 394 Posts.
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    AP arriving in Cuba end this week I think. As far as I know, they are moving onto exploring Zapato etc. I am not an oil and gas savvy person, but my feel is MAY needs to announce a plan to first pay soon. The buyers are scarce under 10c, the market isn't great. I posted last time about a week ago saying I'm holding till June but I sold at .13 cents. As shareholders a timeline to dollars in the bank is important right now because the market is running away from everything. If there's a solid pathway communicated even if it's 6 months from now, then this is a steal. Not being aware of how these things progress e.g. finding a shit load of oil and the steps required to get to the point where you're selling it - I'm playing it safe, but watching it keenly. GLTAH, thank you to the posters that take the time to educate the rest of us.
 
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