MAY 8.00% 2.7¢ melbana energy limited

May Chart, page-4568

  1. 3,694 Posts.
    lightbulb Created with Sketch. 1089
    not out to make you a liar......others on here thou.....rolleyes.png

    facts are:
    A1 spuds 14 Sep
    https://hotcopper.com.au/data/attachments/4913/4913883-5825a20d97a07389bc297814026fabf1.jpg
    https://hotcopper.com.au/data/attachments/4913/4913899-781b01e83dfbe3504f5cbef6c22d8134.jpgthis A2 drill section took 35 days!!! (14 Sep - 19 Oct21) and they failed to do it right!!! poor hole conditions, failed to account for pressure - sure - theyll recalibrate for this now, but it all takes time!!

    Look at the timeline reliability, told us A1 would take a total of 75days on initial estimates:

    https://hotcopper.com.au/data/attachments/4913/4913881-3fa4dfc5cf26a35179fb8fdb3a5c505a.jpgtimeline:
    https://hotcopper.com.au/data/attachments/4913/4913906-0e94903a8024f53e33d66c25996ea4d9.jpg

    TD was called in March 2022!!! 180 days later - NOT 75!!


    no room for error on appraisal - I take any timeline released like the puff of cuban smoke - not sure which way the wind will blow it tongue.png

    lets not even discuss how inaccurate 55 days for Zapato was.....!!!

    it will be what itll be - yes, first section like butter - but im not holding my breathe - rather get it done right and gather all the missing data - answer all the unanswered questions and set us up for the TRUE RE-RATE.....MKT will respond accordingly!!! not selling a share until that happens + A3 drill, which, wouldnt be surprised if that surpasses 180 days.......again....

    sit back, chillax, Rome took ages too!

 
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