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2.22% 4.6¢ melbana energy limited

grindstone, There has been Hardman, FAR, and of course Melbana....

  1. afawcett
    3,539 Posts.
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    19/06/24
    15:24
    Post #: 74393010
    grindstone,

    There has been Hardman, FAR, and of course Melbana. It's not too uncommon but it's risky. FAR couldn't afford to fund their stake with the appraisal wells and Hardman ran into Chinguetti issues due to reservoir. Both companies found substantial discoveries and I believe that Hardman had unfortunate timing as their Uganda discoveries were world class.
    MAY Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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