MAY 0.00% 2.0¢ melbana energy limited

Ann: Zapato-1 Exploration well on track to spud end of May, page-22

  1. 5,138 Posts.
    lightbulb Created with Sketch. 573
    23%, most drilling results in nothing to be had, hence low 23%, Alameda-1 got to much higher % after finding something but still had risk to be commerical.

    I was a bit disappionted with announcement, as was expect more with potental progress with Alameda.
    there was a hint in saying ...drill program to be reacess once we start at zap, but that still some time away.
    delays,
    i would have like comment about Alameda and whats to be done now, AP should be working on this while in cuba, (not there for a holiday).
    more important to me to get into oil production within months not years
    ,
    upside is large, I'm impatient , as expectation of progress to production were dampened, getting old so not as much time as younger investors.
    good lucks alls
 
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