MAY 3.85% 2.5¢ melbana energy limited

Ann: Block 9 - Early Production and Spud of Alameda-3, page-76

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    I think the main thing is they are pushing a plan for 2024 that involves 1B to present to their partners so they are very busy with a way to commercialise this zone which is great I look forward to seeing what that looks like Alameda - 3 is going to run to June next year anyway.

    400 bopd net to MAY. Oil price is $90 USD per barrel, $140 AUD. $28k USD easy profit per day. By the time we get around to bringing in that second rig we will be self funding the Amistad program $10m USD per annum.
 
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