MAY 6.25% 3.0¢ melbana energy limited

We can now start are countdown clocks - drill begins mid...

  1. 1,913 Posts.
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    We can now start are countdown clocks - drill begins mid December - Total depth around March
    Is there oil down there - YES - massive quantities
    Is it any good - YES - as an absolute minimum it will be export grade
    Could it be excellent oil - YES - very decent probability it will be light and lack impurities
    Will it be under pressure - YES - expecting very significant pressure at the lower depths - and we have the equipment to handle that
    Do they know what they are drilling into - YES - hole design has been very well informed - unlikely to encounter surprises
    What's it worth - $billions and $billions
    What is the certainty from here - already have a producing opportunity from last drill - this one just makes things even better
    SP is guaranteed to go up from here - that is 100% certain - just a case of how much / and how quickly
    Tick tock
    Keen to hear your thoughts - especially around possible updates through the drill - milestones from here etc
 
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