MAY 1.69% 5.8¢ melbana energy limited

We can now start are countdown clocks - drill begins mid...

  1. 1,890 Posts.
    lightbulb Created with Sketch. 717
    We can now start are countdown clocks - drill begins mid December - Total depth around March
    Is there oil down there - YES - massive quantities
    Is it any good - YES - as an absolute minimum it will be export grade
    Could it be excellent oil - YES - very decent probability it will be light and lack impurities
    Will it be under pressure - YES - expecting very significant pressure at the lower depths - and we have the equipment to handle that
    Do they know what they are drilling into - YES - hole design has been very well informed - unlikely to encounter surprises
    What's it worth - $billions and $billions
    What is the certainty from here - already have a producing opportunity from last drill - this one just makes things even better
    SP is guaranteed to go up from here - that is 100% certain - just a case of how much / and how quickly
    Tick tock
    Keen to hear your thoughts - especially around possible updates through the drill - milestones from here etc
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
5.8¢
Change
-0.001(1.69%)
Mkt cap ! $195.4M
Open High Low Value Volume
5.7¢ 5.8¢ 5.7¢ $227.2K 3.960M

Buyers (Bids)

No. Vol. Price($)
4 482500 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 120619 1
View Market Depth
Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
5.8¢
  Change
-0.001 ( 2.54 %)
Open High Low Volume
5.8¢ 5.9¢ 5.7¢ 1432145
Last updated 15.59pm 26/04/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.