MAY 9.09% 2.0¢ melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-738

  1. 126 Posts.
    lightbulb Created with Sketch. 57
    nice, but holy crap they are taking their time - must be something big brewing.

    Speculating they had a big surprise during wireline logging Zone 3 and had to update net pay again - then ran the flow test and felt the need to independently verify results before releasing to market.

    Usually when it's a duster the news hits pretty quick. To those saying Zone 3 was a duster so he's doing Zone 2 to cover bad news are clueless, that would violate the ASX rules. Also if they had technical delays or engineering issues they would have to disclose that as well, leaving the only real possibility which is good flow and a size upgrade. Would not be surprised to see MAY hitting a huge new ATH this week.
 
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