MAY 3.23% 3.0¢ melbana energy limited

March Approaching.

  1. 579 Posts.
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    • Potentially 8-10 weeks to first spud of 3 well programme on block 9( April as still mooted by company) 770 million bbls potential recoverable., near appraisal COS. Fully funded on drilling and development on hopeful success.
    • Complete 3D cube Seismic now being fully assessed on Beehive / Egret. Already early rumbling of upside and quality in the permit as seen by Total / Santos planning advancing and identification of the Egret lead. Largest undrilled hydrocarbon structure in Australia. 5 months max to decision from Total/ Santos , I suggest we will not wait this long. 
    • Santa Cruz PSA..production incremental planning now 4 months in from award.  100 million bbl field .
    • Tassie shoals  ....potential news in Q1 was mooted ...
    • AIM dual listing being actively looked at.

    Shareholders must be in for a swathe of news soon, surely !
    Last edited by Spitfire: 13/02/19
 
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