MAY 6.06% 7.0¢ melbana energy limited

My guess is a drill bit stuck. Well pressures fck us again and...

  1. 4,976 Posts.
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    My guess is a drill bit stuck. Well pressures fck us again and MAY out for cr at 4c to pay for a rig. Well is too hard to drill. 2nd time round no lessons learnt.
    Lucky i hokd property mostly. Your house cant drop by 80% in a year but your soeccie can. And your house can double or triple in 3 years. Imo may is incompetent. Sorry for the eternal optimist this arent looking good imo imo. 6 months of drilling and we come to this. Obviously the rig and team is not up to it.

    its clear someone got hit by a margin call and prob woped out another few day traders. In the meantime AP keeps quiet and lurks. What a horror story. Sameold storey.
    Last edited by Brightoil: 02/05/24
 
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