MAY 3.13% 3.3¢ melbana energy limited

Ann: Drilling of Zapato-1 exploration well commenced, page-223

  1. 3,626 Posts.
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    I think we can assume the pipeline is cactus but it’s the easements that’ take time to put in place and they are still functional. So it should be a cheap and quick fix. Road transport is expensive but presumably could gap fill at short notice. The upper sheet is a clear priority target, the oil is shallow and the drilling is easy. Gets us back to the question of when the market is going to be informed. Belatedly IMO. Meanwhile the focus has shifted to a wildcat well. Not sure that is a positive either. Will know soon enough, presuming we get an industry standard weekly well update.?
 
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