MAY 6.67% 3.2¢ melbana energy limited

SF, great breakdown highlighting key milestones for Beehive....

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  1. 9,901 Posts.
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    SF, great breakdown highlighting key milestones for Beehive. Must admit Beehive is the only confidence we can take for now moving forward, thank christ it's in the hands of Total and Santos to be honest, moreso Total IMO. Total have an incredible strike rate in drilling these kind of plays, so if they take up their stake on the back of 3D analysis this alone will be an absolute game changer for us, forget about Artemis, if Total puts their stamp of approval on Beehive, it's the real deal........our MC should be much higher purely based on their initial interest!!!!! I posted a video on Total here last year that every holder of Melbana should spend the 15-20mins watching, gives an incredible insight into the company and also how thry have achieved such a high success rate in comparison to their peers.

    Personally I've written NZ off, if it does turn out we have something to go back to there it's just a bonus. Although i did think at the time the NZ government banned any further offshore exploration activities this would've been the ideal time to release a statement in regards to our permits there and any possibility of re-entry to crack the Tikorangi Code in the future.......or an update on our 30% of the supposed Puka "production"........looks like the goose is cooked there though doesn't it, we can only assume so.

    Cuba......this is our "flagship", the one we have spent the majority of our time, money and effort on......i think we are well overdue a project update here. I just hope the lack of communication is due to ongoing negotiations and not a lack of interest. H2 2018 drilling.......yeh nah!!!
 
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