MAY 7.14% 3.0¢ melbana energy limited

The MAY, Chart thread! I'm not so much waiting for the Spud...

  1. 244 Posts.
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    The MAY, Chart thread!
    I'm not so much waiting for the Spud announcement, that may not be sent on a Thursday morning, adding to that, a more
    detail update should be heading our way "soon".

    I will take out another Cuban cigar when I read TD.

    I ask, what will TD mean for this well?

    What depths should we stop at and why?

    Do we drill until it gets too deep, 2-3000m, that's a long time and a lot of resources, that maybe are not needed to prove what we already know, or until the oil shows stop, or until our Kiwi issued gumboots are about to fail! That is they are all walking knee deep in black gold.

    The MAY shares on the ASX, I believe are very very tightly held, as the TA graphs clearly show. My guess is the share price will not move more than a few cents up, until we have the final proof, using the right gear. I do not believe we have made any mistakes, we found out what we need to move the next step towards production.

    Cheers
 
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