MAY 4.35% 2.2¢ melbana energy limited

Ann: Alameda-3 Drilling Update, page-244

  1. 3,626 Posts.
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    Another GSD would of course be mega, but it’s all about timing. My issue all along with Zapato is about timing, specifically not at the expense of Alameda , which is the case to date and we really don’t need more of the same. TC and I called for a second rig, available according to Errol, but this obvious fix fell on deaf ears. We have 1 rig and this is likely to remain so in the short term. If AP is intent on selling and not producing then your view is correct as I said in my last post re Mwatts. You still run the risk of an exploration failure however and this makes the pursuit of production the only acceptable option IMO.
 
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