Ann: Investor Webinar Presentation, page-100

You seem to have taken my post out of context. The words "is my best guess" is just part of the post, let me introduce you to the rest of the post without personally insulting you.


source: 22 Nov 2022, ASX:MAY, 2022 AGM Presentation https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02601304-3A607725?access_token=83ff96335c2d45a094df02a206a39ff4

We now know from today's presentation, that "drilling to commence Q1 2023" is not true. As answered by Andrew Purcell Executive Chairman of ASX:MAY:

Sam (moderator): “… at the moment you envisage drilling can commence by around the end of Q1?”
Andrew Purcell: “No mobilisation will commence by the end of Q1, we’ll be commencing drilling in April.”
source: Melbana Energy Limited (ASX:MAY) Investor Briefing and Webinar, 22/02/2023, ASX:MAY.

Furthermore, I'm not sure if I made it clear enough...if the Cuban Government or CUPET or whoever has possession of the rig for their third party operation do not get gas in this hole... what do you think they will do? Maybe drill another hole for their Cuban gas peaking plant..

I am surprised no-one asked what would happen if they didn't hit gas for the Cuban Government's gas peaking plant...

My prediction of being delayed for "x" months is becoming more and more realistic to many as time goes by, i'm sure.

So once again ask yourself what happens if the current operation of the rig is delayed or they don't hit gas (do they drill another hole, does this delay the mobilisation to Alameda?).