MAY 9.52% 2.3¢ melbana energy limited

Still waiting for results from the N target - they are sure...

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    Still waiting for results from the N target - they are sure taking their sweet time. Be surprised if drilling still finishes by end of February.
    The takeaway for me was at long, long last some clarity re a third well. This should be construed as bullish news by the market however there are a number of hurdles to jump.
    As for the comment "the resource assessment of oil contained in the Upper Sheet which is well advanced.” That update was supposed to be released early February and now its acknowledged they are still working on it. What was I stating about empty promises the other day?
    All we can definitively conclude from this "news" is that nothing has gone wrong operationally speaking and they are proceeding at a leisurely pace.
 
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