MAY melbana energy limited

Ann: Alameda 2 First Production Results, page-14

  1. 8,421 Posts.
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    Bit of a nothing announcement. Nobody expected Amistad Unit 1 to produce, hence it was not included in the initial resource estimates. So nothing new here. What it does confirm is the moveable hydrocarbons (which we kinda already knew about).

    Onwards to Units 1B, 2 and 3 (regarded as "more prospective"). Market may not like this ann and may sell it a few pips, but this is merely a chance to get on board for those Units.

    508 to 929 shouldn't take too long, but given that we also need to wait for the test results I would say it is at least another 8-10 days before we hear more. SP will probably drift a little, then firm into the end of next week (at a guess).

    (PS: hope I am wrong about the SP!)...

    Kit.
    Last edited by Kit67: 05/07/23
 
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