MAY 0.00% 2.0¢ melbana energy limited

Ann: Update on Appraisal Well Drilling Program Timetable, page-436

  1. 6,772 Posts.
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    So MAY announced March 23 that there was a delay due to 1st gas well for power gen being drilled expected to close off in 1 week so 30th March.

    This well, (second one) started drilling one week ago so roughly two weeks to relocate rig.

    Mid to late May to start our well?

    The question is; At 6.2c has the shareprice dropped unreasonably low and what will it rerate to once drilling of our wells start?

    I'm guessing maybe 10c?
 
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