MAY 6.06% 3.5¢ melbana energy limited

Ann: Sale of Beehive Prospect, page-18

  1. 2,181 Posts.
    lightbulb Created with Sketch. 496
    any chance of a new acquisition with the upfront payment?

    What's the point scoe, if MAY can't even stay in for the drill. Is MAY that desperate for the cash right now?

    Beehive - 100% owned, 416mmbl drill ready prospect in an excellent jurisdiction, with US$4.5 million already spent on 3D seismic & a Fortune 500 company picks it up for a pittance!

    Should have been a free-carried farm-in deal on better terms than Cuba.

    High risk/reward exploration, isn't that why you are all invested here?

    If Cuba fails, then what?




 
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