MAY 0.00% 7.0¢ melbana energy limited

I fail to see how the crumbling economy in Cuba is in anyway a...

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    I fail to see how the crumbling economy in Cuba is in anyway a good thing for Melbana and their discovery, they have been in trouble for years and it is only getting worse for the people of Cuba. The fact that they are desperate for the oil is one thing but how the hell do you monetise the resource if the government can't pay a cent for it.

    This is the sole reason in my opinion Melbana are far better to sell what they have found and move to the rest of the block, even go back to Zapato.

    We can't afford to build the infrastructure, even at 30% of cost to pipe the oil to the coast to export and Cuba can't pay us for any domestic sales.

    Sell in Sonangol for maybe $1b ( 27c per share ), let them use their extensive funds to build the infrastructure ( 100's of Millions $ ) and possible get a small 2- 5% royalty of any international sales.

    Try to keep the 70/30 split for the rest of the block and try to repeat another discovery which you could potential develop as the infrastructure may be in place.

    Seems like a low risk play vs the ever increasing political risk.
 
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