MAY 4.55% 2.1¢ melbana energy limited

Thanks VOGC. Your fact based analytical input totally smashes...

  1. 238 Posts.
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    Thanks VOGC. Your fact based analytical input totally smashes the maliciously intended drivel that a few trolls are posting about the marketability of the lighter oil. I tend not to put them on ignore, it's all part of the colour and movment of these threads.
    I believe that we will come out of the A2/A3 campaign with certified reserves, this will certainly remove the barriers to broker and institutional support. Credible production plans are key to this, and there are very strong indicators about the shape this will take. Such plans can be considered by the certifiers shortly as they need not involve horizontal wells or a pipeline necessarily.
    The company has repeatedly stated that a capital raise is not on the table; we have the collaterall to raise the money without this, plus or minus extending farm out arrangments.
 
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