MAY
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5.26% 3.6¢ melbana energy limited

Ann: Binding farmout agreement signed for Block 9, page-13

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  1. nastyG
    6,354 Posts.
    lightbulb Created with Sketch. 1225
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    02/01/19
    11:37
    Post #: 37001447
    I read this as back costs for MAY are part of the cost oil and they will therefore receive funds from this prior to profit oil in the event of successful discovery. Also whilst the operator may decide to drill again it’s unlikely they are only doing this to increase costs so good for MAY in longer term. Doesn’t help with cashflow though.
    MAY Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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Last
3.6¢ 		Change
-0.002(5.26%) 		Mkt cap ! $121.3M
Open High Low Value Volume
3.6¢ 3.7¢ 3.5¢ $40.16K 1.116M

Buyers (Bids)

No. Vol. Price($)
6 670068 3.5¢
 

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Price($) Vol. No.
3.6¢ 13422 1
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
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