MAY 4.35% 2.4¢ melbana energy limited

I attended this morning’s meeting and got the feeling the Tassie...

  1. 269 Posts.
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    I attended this morning’s meeting and got the feeling the Tassie Shoal Methanol Project is very much back on the cards. The investors originally lined up based on a Heron discovery are still keen to have this project succeed. The stranded gas problem may be resolved “in the next 6 months” according to the CEO.

    Farm negotiations on Cuba bock 9 are ongoing and getting close to being resolved 3Q18 from what we’re told. Long lead drilling items are bring procured. The farm out and Cuba occupies st least 80% of the team’s time.

    Beehive remains an equally important play and will generate significant news in the next few weeks. All good there.

    NZ is not worth discussing right now.
 
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