MAY melbana energy limited

Ann: Cuba, Block 9 PSC Update on Alameda 2 appraisal well, page-474

  1. 727 Posts.
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    cant blame him for not mentioning that the rig is going elsewhere in the interim. We have all enjoyed the run up from 4c and telling us that the rig is in block 10 would have wiped 25-30% off the run up. Mngmt might thought that they can get away with the rig due back in feb as stated but alas - delays in the sherritt drilling.....

    What has concerned me over the last 12 months is whether someone in the top 10 has access to strategy and inside info that they have used to sell down with such conviction. The sell off from 10.5 has the fingerprints of the selling down to 3.9c.
 
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