MAY 7.14% 3.0¢ melbana energy limited

Hey Stevo, thanks for bringing this up as I'd been meaning to...

  1. 2,651 Posts.
    lightbulb Created with Sketch. 4724
    Hey Stevo, thanks for bringing this up as I'd been meaning to locate it myself and yes 5 months on you could say there's been some slippage but even as AP states the flow testing (primary cause for eveyone's concern) was always subject to satisfactory results.. Hence the box's with the dotted lines at Alameda-1 & Zapato.. And also the Alameda upper sheet appraisal well for that matter which we may all note was always scheduled for November "subject to satisfactory results"
    https://hotcopper.com.au/data/attachments/4592/4592943-16308aedf4f68daaaff68bd99a42c843.jpg

    A-1 didn't flow & that's a damn shame because it seemed to take some heat out of things.. But it did log plenty of net pay and that in turn led to a resource upgrade of 126mmbo over the initial estimate shown above and in fact 83mmbo over the initial McD's high estimate or (P10)..!!

    https://hotcopper.com.au/data/attachments/4592/4592955-952245671bdcd680e3788f123d0ee0a8.jpg
    https://hotcopper.com.au/data/attachments/4592/4592964-7c34c8842657f7b355a46f023579ff30.jpg
    Interesting to see what happens with Zapato, both this week and beyond.. Gotta be close to the zone & on past history (plus AP's hint as seen on shakers earlier) you wouldn't back em out just yet..

    A-2 upper level appraisal was always a Nov affair since back in March.. We can see it... Can't easily change a drill plan & why would you?

    I mean yes things changed, that were beyond control, but otherwise at 3 from 3 and punting well above initial P10 estimates "they've done okay"....

    GLTAH 8tey
    Last edited by Hateful8: 14/08/22
 
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