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5.5¢ melbana energy limited

I agree with your first paragraph there. Could be the reason why...

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Dogpigtiger

1,663 Posts.

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26/04/24

17:09

Post #: 73529082
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Originally posted by justinmetals: ↑

Hi AFawcett,
Who do you think the off taker will be when the Field development plans are released?
I’m guessing the agreement is already fully prepared and ready to sign and it’s just waiting on what they learn about the lower Sheet before it’s all finalised and agreed. I’m also guessing a new smaller rig will be brought in by the offtaker to do the two new shallow wells this year for U1b.

Hopefully they can get 2500 barrels each out of those by perforating a much bigger section compared to A2 1B flow test.

It will be interesting to see what happens to the Sherrit rig but I assume that will go somewhere outside block 9 unless it goes to Zapato or to the new pad where it might drill one or both of the new 1B wells. With any luck this new pad will test the southern extension and will send one of the two wells deep to test the lower sheet extension too.
Too much excitement in all the silence. Opportunities abound.

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I agree with your first paragraph there. Could be the reason why AP is not promoting our progress or drill.

MAY Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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