MAY 0.00% 3.0¢ melbana energy limited

2 cents here we come!, page-41

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    Artemis..Aaaaarghh!! That brought back some dark reminders . Just had another look at the last pre drill announcement on artemis:

    MEO’s G&G team estimates the geological chance of success (GCS) for Artemis is 32%. While relatively high for an exploration play, investors are reminded that this implies the probability of failure is 68%.

    Jürgen Hendrich Managing Director & Chief Executive Officer
    14th August, 2009
 
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