MAY 13.6% 2.5¢ melbana energy limited

May Chart, page-4328

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    Watch the Webinar from 2 weeks ago with the CEO that will give you everything you need. Also I’ll put up a slide for you from the announcement back in March 2022 just before the pressure issues within the well and structure failure. This is going through all time highs like it or not.

    86 PERCENT success back in March 2022 for appraisal and that’s a conservative resource you have 126 million barrels being appraised. Also well this time around they have optimised the design to target a larger appraisal for the 3 zones and CEO put it as increased probability of appraisal so I’ll take greater than 90 percent. Fair value for me right now is 15-20 cents right now and 30-40 cent 3-4 weeks before appraisal so late Jan. https://hotcopper.com.au/data/attachments/4911/4911275-862c38c36ec48eea185663fb4d7d2889.jpg
 
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