We have a very guarded market response to the spud but I can...

We have a very guarded market response to the spud but I can live with it. The out-performance of the upper sheet augurs well for the deeper reservoirs. There are doubtful perceptions around AP’s history amongst many investors I’m sure but this didn’t dampen the early response to the A1 drill when we hit 20c.
I think investors particularly instos remain to be convinced that Melbana can keep the balls in the air in the juggling act of logging and testing the reservoirs and and producing and exporting if all goes to plan.

Melbana Has done everything that could be expected to gain the confidence of the market as it has proven itself to be nimble and efficient. They managed a very tricky exploration well safely and they are now drilling into largely known conditions and have prepared for it. A big player would probably spend all year doing 3D, Melbana is getting on with it. The stock is cheap. Good luck holders.