MAY 3.13% 3.1¢ melbana energy limited

Ann: Block 9 - Early Production and Spud of Alameda-3, page-448

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  1. 85 Posts.
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    It is frustrating when you hear the endless comment on these pages about the discovered oil didn't come to the surface and then there's the so called horror that it is too thick and probably more trouble than what it is worth. When the real facts are that the closest refinery Camilo Cienfeugos to the discovery has been upgraded to coking standard at a cost of over one billion USD to process simular thick oil from Venezuela. I wrote to MAY on the 29th of August asking them to explain the situation with facts and a description on the existing asset's that are available to MAY in Cuba. My point was that the MORE DETAILED INFORMATION that is available to investors must have a positive effect on the terrible share price. I thought the information would be on the tip of there tongue because of the due diligence process conducted when they decided to embark on Block 9.
    Please DYOR because sourcing information at this end is a challenge.

 
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