MAY 13.6% 2.5¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-133

  1. 6,484 Posts.
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    Ok soo.... Flambeau's next predictions:

    1) Water in Marti [Alameda-3] (as we saw before in Alameda-1).
    2) Amistad being put in the too hard basket (this will probably happen in 1-2years after a production plan assesses the feasibility).

    Soo.. let's now re-calculate VOGC's value per barrel, I am going to re-calculate it without Amistad and see what Melbana is worth.

    Also... today's announcement makes sense...ever since I have been involved with Melbana, they have always had a bad news announcement everytime I thought they were delayed with their announcement.
 
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