Melbana have done very well to secure a minimum 3 well farmout (subject to signed contract) .
They should be credited for having done it in such a way that funding remains on a project basis and they don't have to raise serious amounts of cash which would dilute all other projects .
Ultimately Melbana staff are going to be able to spend more time on other projects and adding new ones to the pipeline .
MAY Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
