MAY 6.67% 2.8¢ melbana energy limited

Ann: Alameda-1 Significant oil pay defined in Marti structure, page-562

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  1. 2,164 Posts.
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    I think MAY is now a Coiled spring and excellent buying.

    Anyone who can put 2 and 2 together should realise Marti zone is what wet dreams are made of for Oil co's MD's and CEO's.

    So funny that the market sits at 14 cents but the catalyst for that spring to take off cannot be far way.

    Alameda will be interesting to get some quantitative flow rates but once they release the resource estimate for marti you can just pencil in will flow like the clappers next to that resource estimate lol

    So price catalysts

    - substantiated flow rates on alameda
    - resource report Marti zone end of April wasn't it?
    - resource report alameda? end of may.
    - excitement / speculation on Zapato spud
    - plans on how they start to flow test Marti.

    @justinmetals will they continue to flow test alameda until they get a special rig to site for Marti? Then switch it obviously sounds like they plan to switch this well to be producing only from the Marti zone which is understandable given the flow rate!
 
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