Wow, Melbana has sold Beehive? Is that just out??
Just had a look, I can't work out how much cash they could bank but it looks like US 7,500,000 upfront with more if they find oil.
Going to dig deeper.
The way I see it, they don't have to pay anything to fund Beehive but get "production linked payments". Looks like a generous royalty to me. $10m for every 25m barrels produced.
Anyone want to buy my Metgasco shares? I'm giving up on MEL I think. Can only see weakness here with a cap raise imminent.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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