MAY 18.2% 3.9¢ melbana energy limited

Ann: WA-488-P Beehive Update, page-20

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 579 Posts.
    lightbulb Created with Sketch. 246
    @nammuldi
    I stand corrected, acceptance after internal quality control is indeed correct, however seeing as both Total and STo have already been privy to early interpretation already, I do not see this taking longer than a week TBH...
    It is really just a case of subsurface agreeing the mapping is over the area requested and the survey has worked as intended ( which we know it has as per MAY Ann re early interpretation) 
    This exercise has nothing to do with the actual subsurface and geological interpretations, just the mechanism that all has worked correctly to get those findings.
    I still stand by June / July ..for decision..that is my opinion only.
    We are Now seeing the fully expected rumblings come out now from some major rig operators ( Transocean, Ocean rig, Mearsk, etc) that rig rates are acutely increasing now , so I would be really scratching my head in wonder if we see long procrastination in a drill / drop decision.  
    The offshore market in AU is already limited with units, costs are going to increase the longer a unit is not locked in , so if the Beehive story compels a decision to explore, ( which I think it does for all previous reasoning I have given) then I think we will see a faster decision. 
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.