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Ann: Melbana General Meeting Presentation, page-6

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646 Posts.

69

09/08/18

13:01

Post #: 34831167
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Originally posted by Omega66 ↑

I attended this morning’s meeting and got the feeling the Tassie Shoal Methanol Project is very much back on the cards. The investors originally lined up based on a Heron discovery are still keen to have this project succeed. The stranded gas problem may be resolved “in the next 6 months” according to the CEO.

Farm negotiations on Cuba bock 9 are ongoing and getting close to being resolved 3Q18 from what we’re told. Long lead drilling items are bring procured. The farm out and Cuba occupies st least 80% of the team’s time.

Beehive remains an equally important play and will generate significant news in the next few weeks. All good there.

NZ is not worth discussing right now.

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Hi Omega66: Thanks for the info re the meeting. I was wondering if the loan, and how it is planned to repay it and the 30% interest, as well as the issue of the 80m oppies to Purcell were mentioned. I reside in WA so I wasn't able to attend personally.

MAY Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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