MAY 5.56% 3.8¢ melbana energy limited

Ann: Alameda 2 First Production Results, page-545

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  1. 3,630 Posts.
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    Alexei ii,

    Given the plans for four additional drill pads and pipelines connecting them there should be a moment shortly of realisation by the market. We have probably the most enviable discovery globally currently with a lot of upside. Once a revised resource estimate is made we will be on our way.

    I suspect we will be shipping crude internationally with in the next 12 months once we meet local needs. API 19 crude is quite desired globally given its got many parts bitumen, waxes and naphtha. My old man use to deal with similar crudes sourced from Australia and globally when he was an industrial chemist at Exxon.

    best of luck holders
 
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