MAY 4.35% 2.2¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-292

  1. 990 Posts.
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    Absolutely. If they hit water at Zapato the price could be back to 5c and they'll probably be raising more for peanuts. Can't believe they are taking that risk when they have a massive chance of strong flow-testing and production. A fail at Zapato after that would just be oh well..

    I think we all have enough reason to think Zapato will be a success, but i feel like this plan is just an opportunity for their confidants to acquire more on the cheap - not in our best interests.
 
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