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0.00% 3.1¢ melbana energy limited

Ann: Zapato-1ST Drilling Update, page-304

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  1. 1234zxcv
    375 Posts.
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    13/10/22
    09:48
    Post #: 64173190
    Thanks Hateful8.

    Under Sherritts PSC all oil produced during production tests belong to Cupet and only upon declaration of commerciality could money start flowing to the joint venture for crude production. The terms of the PSC are likely the same for us. Another reason why its hard to second guess management when we do not have all the data.
    MAY Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
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