MAY 1.72% 5.9¢ melbana energy limited

Drilling in the Gulf of Mexico? The following is an extract from...

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    Drilling in the Gulf of Mexico?

    The following is an extract from @gosh's post
    https://hotcopper.com.au/posts/56545256/single
    @ 13.07 today :

    " ......progress of the Alameda-1 exploration well being drilling in Block 9 PSC,onshore Cuba".

    From memory** - of trading for decades in spec oil drilling stocks - offshore wells take much longer to drill to TD than onshore wells, and hence that is why IMO we are seeing posts by a lot of guys eagerly anticpating an ANN, sooner rather than later, about what
    MAY
    have found when they've got to TD or before. (** I could be wrong on this viepoint, about the drilling speed).
 
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