MAY 0.00% 3.2¢ melbana energy limited

MOVE your SUPER-TANKER out of my DEEP-WATER PORT, page-521

  1. 7,931 Posts.
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    Yes, I can place them on ignore, and you can place them on ignore, but the nature of HC allows their posts (with ridiculous statements about capital raising, API, and a raft of other things) to be easily read by anyone using HC to enhance their knowledge of MAY. The comments by this "source" (a certain poster with the propensity to bold every second word and always respond to a question with a question ) are damaging to the company and to all of us. My post was intended to show just how stupid these statements (made by that "source") are.

    Fact is that the API in Marti will be higher than the API in the upper units. Only an idiot would attempt to argue that.
    Fact is that the company's Quarterly Reports are subject to accounting and reporting standards.
    Fact is that Sonangol is very large and liquid, and has zero problems in paying for their part.
    Fact is that the JV agreement provides that the junior partner invoice Sonangol as and when expenses are incurred.
    Fact is that the MAY is liquid and fully funded throughout this campaign
    Fact is that A2 flowed at 1,183 bpd not 300.

    If we don't call out stupid, misleading statements, then someone may act on that advice, with no recourse.

    Regards
    Kit
    Last edited by Kit67: 04/04/24
 
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