MAY 0.00% 2.2¢ melbana energy limited

Examples of wild cat well successes for minnows who became mid level oilers overnight, page-9

  1. 2,257 Posts.
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    Woodside and Oilsearch were penny dreadfuls till they both found oil and both became multi billion dollar companies. Can see this happening to MAY if all goes to plan, we don't need luck, just don't want bad luck. All the signs are there for a major oil find which will re-rate the whole Block 9, which will be a oil company maker. When production starts it will give MAY a big cash flow to develop their other projects:
    • Develop the Turtle and Barnett oil discoveries in the Bonaparte Gulf
    • Develop the Tassie Shoal Project
    • Develop the Santa Cruz oil field

    Fingers crossed and good luck to all shareholders, this could the beginning of something very special.
 
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