MAY 6.06% 3.5¢ melbana energy limited

Ann: Alameda 3 Drilling Update, page-101

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    DST2 is in Marti (they will conduct Alameda flow test later). I am hoping in a drilling update that they may give us some commentary about oil type (hinting at API, but not stating it specifically) and pressure when drilling through Alameda.

    Whilst the share price doesn't reflect it - the next few weeks could see some very good announcements. McDaniels is on countdown (for the upper sheet numbers, which I don't think will be impacted by the A3/U3 observations so I can't see them being delayed as the numbers are pretty much in line with the A2 observations). And A3 will start to see some more concrete observations and numbers coming from those lower sheets (hopefully in line with the Mart-5 observations).

    Kit.
 
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