MAY 6.06% 7.0¢ melbana energy limited

Ann: Alameda-3 Drilling Update, page-210

  1. 267 Posts.
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    Should prioritize production especially a pipeline ASAP. Melbana doesn't have unlimited money. What good are more reserves when we are already on a behemoth but capped at 5k bopd? No point spending more money for more reserves over production and cash flow.
    Market has shown it wants cash flow not reserves. You want a big rerate? Pipeline will smash the share price into the stratosphere guaranteed. Zapato is not guaranteed
 
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