MAY 3.23% 3.0¢ melbana energy limited

Ann: Zapato-1ST Drilling Update, page-350

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  1. 2,653 Posts.
    lightbulb Created with Sketch. 4731
    Sir, if you won lotto whilst being shouted a round in a brothel you'd still find reason to complain I fear... hehehe

    That's a joke son, as ol Foghorn would say..

    As for farcical... ??

    That's your MD right their speaking on behalf of everyone when saying there MUST be a reservoir they believe..

    One is quoted at 114mmbo the other, 220 odd million barrels... Both are defined reservoirs in their own sense (verified by McDaniels) and ergo give a double chance of hitting a prized lower veloz carbonate target reservoir..

    Melbana Energy’s Executive Chairman, Andrew Purcell, commented: “We continue to persist with the drilling of Zapato-1 as we believe there MUST be a productive hydrocarbon zone underneath the volcanics we’re drilling through, given the light crude that existed in the shallow section at
    Motembo

    https://hotcopper.com.au/data/attachments/4767/4767305-51f0ca5be9a6ec6c9b39cbde9e333ad1.jpg

    Seems reasonable to 8tey to still be here at this point, but hey whinge IF you MUST GLTAH 8tey

 
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