MAY 10.3% 3.2¢ melbana energy limited

Ann: Drilling update at Alameda-1 - Strong oil shows, page-240

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  1. 2,537 Posts.
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    All those that have some knowledge of oil and gas stocks and have followed some successful/unsuccessful drills over the last 10 years have a good understanding of how it can go good or real bad. This imho is a big play now, and the resource update will be getting worked on and constantly updated. In Terms of drilling in 2022 they have a whole lot of oil bearing meters compared to other discoveries around the world. Flow rates and API have an influence on recovery, however anyone with a bit of knowledge know it’s large. Add if successful the bottom target and it’s up there on the world platform imho hence the large buy today imho. Sometimes even the ones that are doing the work involved in these discoveries can’t see it coming. Still cheap, and remember there is another well to be drilled after this one. What they have learned from this well, is that the next could perhaps be understood and did have a bigger prospective resource. No wonder there is some excitement amongst those in the know imho
 
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