MAY 10.3% 3.2¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-116

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,826 Posts.
    lightbulb Created with Sketch. 762
    I think the priority, as long as MAY are operator, will be developing unit 1B as a priority for trucking as the quickest, easiest and cheapest route to market for our oil. CUPET themselves pay for all the trucking, and Unit 1B wells are relatively shallow and cheap, with free-flowing export grade oil to surface. It involves little expense for us other than installation of the wells. Any pipelines would likely come at a fairly big cost down the track involving production facilities etc. Let the initial cashflow firm up the SP and achieve decent financing and development plans for the lower sheets first before going straight to them. All imo.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.