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6.25% 3.0¢ melbana energy limited

An increase to net pay of the zone that couldn't derive a flow...

  1. Flambeau
    6,445 Posts.
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    04/08/23
    09:20
    Post #: 69151928
    An increase to net pay of the zone that couldn't derive a flow rate.. yes yes... we knew this from the previous announcements about Unit 1A.

    e.g: "With a productive interval of 63 metres TVD this interval now needs to be reconsidered..." source: 5 Jul 2023, ASX:MAY, Alameda 2 First Production Results

    What was hidden by this announcement, is they are behind schedule.

    They could also be using this announcement as a way to boost the share price before they possibly run into trouble with determining future flow rates, as I expect to be the case because of a deviation to the known exploration trajectory.

    Just show us the cores of Amistad 1b- 3 lol.... was there visible oil or not?
    MAY Price at posting: 10.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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