MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-3964

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    1. 88e worth 200 million market cap no discovery and no time line to production because they have nothing plus MAY larger resource, IVZ worth 300 million market cap no discovery, and 3 years away from production compared to MAY discovery made and infrastructure all ready to go and production in 3 months time

    2. WGO appraisal of 32 million barrels 400million market cap, STX 2P reserves where equivalent to 42 million barrels of oil giving them a market cap of 700 million. MAY about to appraisal over two wells simultaneously 388 million barrels of oil of which 126 million is theirs. In addition the complete Alameda area contains 1.8 billion barrels of oil

    Now all that for 170 million and 40 million in the bank and that’s why the chart has now shown a change in trend and running for the weeks to come throughout remainder of December and in to January as we get closer to appraisal
    Last edited by Roch2077: 12/12/22
 
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