MAY 0.00% 2.6¢ melbana energy limited

Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-663

  1. 211 Posts.
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    Thanks very much for your time and effort on this @VOGC Very thorough as usual. I like the investment attractiveness qualification questions from the Scott Phillips interview.

    Indeed the last 2 questions could be the hand-brake on the SP (the "Can you keep it" question - would equally apply to the Angolan-owned giant Sonangol - so I think that's a rhetorical question) and while we could theorise on the scenarios - it all depends on the product(s) they are selling (I reckon at least 2 products)...the proof will be in production and sales and cash inflows. I reckon we will get a good handle on this early-mid 2024.

    Multiple rigs...4 well pads...8 wells producing from shallow and deep. Plenty to like.

    And I keep reminding folks....don't forget Zapato - unfinished business which is the second Cuban thesis (1st being the Alameda Structure). Is it the source for the shallow Motembo light oil?

    Cheers T

 
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