MAY 3.57% 2.7¢ melbana energy limited

Ann: Webinar for Block 9 Update, page-317

  1. 3,621 Posts.
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    Downs,

    it's the difficulties encountered that messed up A-3 as they likely spent to long drilling through the formations causing the emulsion effect. Cupet had similar issues with Marti-5 where they drilled over 2 years. Hopefully the lab chemistry results help with determining the likely cause between the formation fluids and drilling fluids.

    Anyway we should be getting an update soon, it feels that operational slippage is expected.

    I'll look at organising regular meetups for shareholders, hopefully with good news being lodged on the market.

    best of luck holders
 
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