After reviewing Melbana Energy Limited information I see this zone as a potential buy zone.
$15 million has just been invested at $0.122 per share.
There are several price catalysts coming up in the near future - www.melbana.com/site...4faa/MAY_2499720.pdf
Drilling at Alameda-1 Completed
"...The Alameda-1 exploration well has been a great success, having revealed three independent and highly energized potential oil reservoirs, independent assessment of the first (and possibly, smallest) of which has already revealed the potentially globally significant scope of what we've encountered.."
Read more in the below PDF
www.melbana.com/site...d624/MAY_2500364.pdf
$15 million has just been invested at $0.122 per share.
There are several price catalysts coming up in the near future - www.melbana.com/site...4faa/MAY_2499720.pdf
Drilling at Alameda-1 Completed
"...The Alameda-1 exploration well has been a great success, having revealed three independent and highly energized potential oil reservoirs, independent assessment of the first (and possibly, smallest) of which has already revealed the potentially globally significant scope of what we've encountered.."
Read more in the below PDF
www.melbana.com/site...d624/MAY_2500364.pdf