MAY 3.57% 2.7¢ melbana energy limited

Ann: Appraisal Program for Block 9, Cuba, page-264

  1. 1,826 Posts.
    lightbulb Created with Sketch. 762
    I'm more bullish on MAY since the webinar, knowing approximate timeframes to first oil, and knowing they'll be appraising the Marti reservior (I was hesitating they might put this on the backburner).

    The certifiers gave a drastically increased chance of discovery to Marti and Alameda. My understanding to confirm commercial discovery is fluid samples to surface and flow rates. All this will be confirmed 3 or so months from now. Not long imo. This gives decent catalysts for 2023, and whether the market disagrees with this view through a depressed share price is actually suitable for me to give time to accumulate at great prices.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.7¢
Change
-0.001(3.57%)
Mkt cap ! $90.99M
Open High Low Value Volume
2.9¢ 2.9¢ 2.7¢ $87.74K 3.087M

Buyers (Bids)

No. Vol. Price($)
5 848777 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 284679 3
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.