MAY 5.00% 2.9¢ melbana energy limited

Ann: Quarterly Activities Summary-Period Ended 30 June2022, page-24

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  1. 600 Posts.
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    We have so much bloody money it is laughable that anyone would be suggesting a credit raise in the near future. Hell, even if Zapato falls to the same (very fortunate) fate of Alameda-1 with no flow tests, we will still have the funds to have another crack.

    Even if Zapato is a duster, which is unlikely given the oil shows, we go straight into an appriasal for Amistad - still without the need for CR.

    Many opportunities to turn the tap on for Melbana, CR should only be called to amplify production... but hey that's what financing is for.
 
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