MAY 6.25% 3.0¢ melbana energy limited

Yes! The quicker MAY can start to get income from Santa Cruz the...

  1. 747 Posts.
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    Yes! The quicker MAY can start to get income from Santa Cruz the better. But first, MAY has to find the enhancement opportunity and then the operator has to put that into effect. So I doubt it will happen within the time frame needed to stave off further funding ( either more loans or CR) should a farm in not be forthcoming within the current quarter. The problem that I see is that when a company, any company, is potentially rich in assets but is on, or near, the bones of its proverbial cash wise, then potential farminees could just be waiting in the wings hoping to pick up the license for nought. I sincerely hope that is not the case here. So again yes! Bring on Santa Cruz! IMO. Cheers.
 
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