MAY 52.6% 2.9¢ melbana energy limited

Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-388

  1. 1,153 Posts.
    lightbulb Created with Sketch. 114
    I couldn’t agree more. Under 8c after flowing 1200 barrels a day unassisted, it should be double of where it is now.

    Yesterdays announcement has ticked a lot of boxes. Let’s hope we get this producing asap and once the dollars start rolling in and with a reserves upgrade, we should see the share price rerate and significantly.
 
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