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3.1¢ melbana energy limited

beehive 1 exploration well ., page-14

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Brightoil

5,077 Posts.

789

02/06/22

15:39

Post #: 61783594
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Originally posted by staz024: ↑

Globe is looking for gas - Europe highly dependent, and wanting to get away from Russian gas.
Not a great situation with action on climate change a declared global priority.

As the Beehive contract was awarded before the election - which is likely to see the Greens with the balance of power in the Senate, this could add some SH value especially to the export market, leading up to the drill. Teals will need some soul searching too.
Positive also, for Beehive, is the Australian community appetite for onshore fracking isn't great. Offshore more like, out of sight, out of mind.

New Government are keen to address shortages in Eastern states gas markets. Comments today in the news.

Free to read article in the FT war in Ukraine "Google it, mate"

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Imagine the share pirce if:
1) alameda and marti show another few billion barrels of oil due this month
2) Zapato hits oil
3) produce from armistad
4) Beehive drills a discovery

buy May now and forget IMO. These depressing times cant last forever .. especially when petrol is $2.2 at the bowser.
screaming buy is mayo

MAY Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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(20min delay)
Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $104.4M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.0¢	$37.40K	1.206M

Buyers (Bids)

No.	Vol.	Price($)
6	416665	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	719197	7

View Market Depth

No.	Vol.	Price($)
6	416665	0.030
9	783228	0.029
13	4582058	0.028
5	753740	0.027
5	1187999	0.026

Price($)	Vol.	No.
0.032	719197	7
0.033	478000	5
0.034	1275000	4
0.035	1140000	2
0.036	333750	2

Last trade - 16.10pm 28/10/2024 (20 minute delay)

MAY (ASX) Chart