MAY 3.13% 3.3¢ melbana energy limited

Ann: Block 9, Alameda-3 Appraisal Update, page-751

  1. 160 Posts.
    lightbulb Created with Sketch. 71
    I’ve been invested in quite a few O&G companies over the years, and I agree with Ortstock, seen similar to this before, and am not overly surprised ( albeit naturally disappointed) ….
    My apprehensions regarding MAY have more been related to the vagaries of doing business in Cuba, …ie dealing with the Cuban govt. and the embargo, not the company’s ability to find and extract oil.
    But the potential pay day down the track IMO makes this worth holding on to, and nothing that has happened in the last week has diminished my optimism.
    GLTAH
 
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