MAY 4.35% 2.2¢ melbana energy limited

General discussion, page-62

  1. 600 Posts.
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    The fundamentals of this drill speak much more strongly than Roch, or any other HC geezer tbh. Millions of barrels, the possibility to multiply by updated recovery rate analysis. A very obviously motivated state in CUPET and a great JV in Sonangal have allowed us to remain the operator. There's a lot of trust and money in this game, and Melbana has already proved themselves a winner with Alameda-1.

    I remember when the resource estimates were coming out at 5% recovery, and still blowing the original pre-drill estimates out of the water. It's massive - and it's ours.

    Pumping or not, the company is stepping at the doors of becoming a decent producer in the next 6-12 months. And lets not forget that Zapato and the remainder of Block 9 remain as further exploration opportunities.
 
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