MAY 3.23% 3.0¢ melbana energy limited

Is this the calm before the storm ?, page-44

  1. 5,015 Posts.
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    Burj.....wouldn't be too worried mate, when have Melbana ever actually delivered something by the due date they themself set to the market? Honestly they'd be better off not putting these deadlines out there as all it does is makes them look inept.....dealing with major partners, in Cuba in particular, things don't move as quickly or as smoothly as hoped.....H218 drill has already turned into April next year, so I'm personally gonna assume Alameda spud somewhere at the backend of H219. Total and Santos have a lot more on their plates and far higher priorities than Beehive so don't expect to hear too much on that front either, although I'm confident they'll take up the option to drill at some stage. Frustrating as it's been and will remain to be, Melbana have a few high quality, high impact prospects on the books and the next 12 months should see some genuine interest and SP appreciation imo.
 
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