MAY - Melbana Energy

[JBmurc]

Another day bucking a few more off onto the tarmac .

For every seller there has to be a buyer somewhere

hopefully something positive next week locked and loaded .. even just an update from the lab on the muds/oil core samples

[JBmurc]

Flow-testing Alameda underway SP closed up 20% could well see another 10-20% move upwards tomorrow... feeling better about my 3.9c-4.1c purchases last week ...picked up few more today but ended up selling on the up ..

[JBmurc]

start of this presentation has a great part on OIL DEMAND

https://www.youtube.com/watch?v=O4njFz1Y168

[Sous87]

Nice work JB yes it was a clear knee jerk reaction the other day but it still takes kahunas to commit more funds off the back of an un-hoped for result!

This latest announcement is in clear contrast to the usual low key mid afternoon announcement of non price sensitive variety so fingers crossed itÂ’s time to start pumping a success story.

Good luck, IÂ’m trying to figure out what will get this back into the teens (for starters).

[JBmurc]

Nice work JB yes it was a clear knee jerk reaction the other day but it still takes kahunas to commit more funds off the back of an un-hoped for result!

This latest announcement is in clear contrast to the usual low key mid afternoon announcement of non price sensitive variety so fingers crossed itÂ’s time to start pumping a success story.

Good luck, IÂ’m trying to figure out what will get this back into the teens (for starters).

Yes, sold off most of the bargain buys I made 4c av up to 50% gain in days today ... many are saying its insider buying ...who knows maybe tomorrow we get updates on the flow-testing ..just what do we have if the flow rates aren't impressive and APi is lower than A2 - Marti 18-19 then the SP might well not increase much at all ... depends on so many factors we haven't be updated on

[Azza]

I didn't have anything free in time to join you there JB, nearly did but alas there will probably be another opportunity, and if not that's a win anyway.

[Valuegrowth]

Yes, sold off most of the bargain buys I made 4c av up to 50% gain in days today ... many are saying its insider buying ...who knows maybe tomorrow we get updates on the flow-testing ..just what do we have if the flow rates aren't impressive and APi is lower than A2 - Marti 18-19 then the SP might well not increase much at all ... depends on so many factors we haven't be updated on

I missed the boat.Well done!

[stoploss]

Yes, sold off most of the bargain buys I made 4c av up to 50% gain in days today ... many are saying its insider buying ...who knows maybe tomorrow we get updates on the flow-testing ..just what do we have if the flow rates aren't impressive and APi is lower than A2 - Marti 18-19 then the SP might well not increase much at all ... depends on so many factors we haven't be updated on

Rinse and repeat

[kiwical]

Wow. Volatile is the word. .064 to .033 within the days trading so far today. Does this mean they have new data that isn't looking great?

[Sous87]

Two flow test fails on the spin. Sounds like engineering stuff up with the mud but at a basic level there is oil and pressure. Costly mistake due to time to remedy and getting back down there.

Compounding Problem now is the next thing market can hope to look forward to is production from 1b which will be late this year.
Market forward looking. If things had gone well 6.4c would have been too cheap, while with no results 6.4c too generous, as is on display right now.
The volatility bands are far and wide with MAY!