MAY 0.00% 3.2¢ melbana energy limited

Well, previously I thought the discrepancy didn't matter if...

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  1. 6,626 Posts.
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    Well, previously I thought the discrepancy didn't matter if ASX:MAY "holds the purse strings", but... the problem is, Alameda-3 turned out unproductive and the API of Marti was "heavy oil", and they are likely not getting another 2x wells drilled by the end of the financial year if the rig is going to get sequestered. ~300bbl/day from Amistad 1b is not significant enough to overcome the capital needed to continue a full field development in my opinion.
 
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