MAY
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0.00% 2.8¢ melbana energy limited

Let's not confuse the value of the oil in the ground - the...

  1. Techmeister
    1,922 Posts.
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    21/11/23
    15:20
    Post #: 71022746
    Let's not confuse the value of the oil in the ground - the reserves - measured in 10's of $billions...
    With the daily value of oil production - measured in barrels of oil per day - ie 10's of $1000's per day initially - and increasing to $millions per day in the coming 2 or 3 years

    Barrels of oil per day will be multiplied with extra wells

    The only bottleneck on that will be a need for a pipe. Between Cuban govt, Sonogol, MAY, Skerritt, and others - I'm very sure a pipe will go in without fuss.
    MAY Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 15  Upvote
    lightbulb Created with Sketch.  Great analysis
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