MAY
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6.25% 3.0¢ melbana energy limited

Ann: Change in substantial holder for MEL, page-21

  1. sam0408
    2,181 Posts.
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    19/02/20
    15:14
    Post #: 43023971
    Thanks grey ghost.

    With Cuba looking up, MEL takeover done with (and a reasonable result), then Beehive confirmation would finally put this company on a sure footing for the next 12 months or so.

    I believe Santos will proceed with Beehive - they don't necessarily need to farm out all of Total's 40% to proceed.

    My punt is:

    Santos 45%
    Neptune 20%
    Beach 15%
    Melbana 20% (free carried by above)

    Neptune Energy is active in the Bonaparte Basin & already in a JV with Santos & Beach.

    https://www.oedigital.com/news/473550-neptune-launches-petrel-seismic-campaign

    .


    MAY Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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