MAY melbana energy limited

Ann: Trading Halt, page-225

  1. 3,486 Posts.
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    I feel that as there were 2 gas wells drilled (when only 1 was originally planned) prior to A2 then this would reduce the likelihood of the Govt taking the rig from MAY and going for a third gas drill.

    Events on the ground could be developing quickly (ie extended drill test / deciding to announce A2 is commercial) and in these circumstances a halt also makes sense allowing the Co to make a solid Ann and not answer to speculation.

    I am of course biased and only want a good result!


    Last edited by mwatts: 24/08/23
 
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