MAY 4.35% 2.2¢ melbana energy limited

Ann: Zapato-1 Drilling Update, page-554

  1. 3,009 Posts.
    lightbulb Created with Sketch. 5724
    Yes, that was what I looked for first. These two lines, im looking at YTD numbers. Total spend $39M. Total reimbursement (as at June 30) $28.6M. so yes, looks like they are catching up. 15% of $39M is around $6M. This illustrates just how much leverage MAY got out of the deal.
    But this is chump change compared to what they have got at the Amistad, Alameda and Marti fields.

    Then we have the killer whale called Zapato.

    Id like to hear the geoscience team do a presentation at some stage.


    https://hotcopper.com.au/data/attachments/4548/4548177-78049a0ede987fdeb142e7c0f7d36166.jpg



    https://hotcopper.com.au/data/attachments/4548/4548175-7d8a47fa2a05edd6d8b3ad058875f8d2.jpg

 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.