MAY 6.06% 3.5¢ melbana energy limited

May Chart, page-5041

  1. 10,171 Posts.
    lightbulb Created with Sketch. 1982
    hahahah when they are calling 86 percent geological success on the old well and with the new well design the geological success rate increased as per CEO webinar 4 weeks (90 percent commercial success and by commercial success you have appraised the conservative 388 million barrels of oil of which 126 million of those are owned by MAY). Again Zapato had a 23 percent commercial success rate which meant for anything to be appraised it was that percentage and moving it into production. Go away I don’t take thoughts and emotions as facts

    MAY is a monster and with high success rates like that it’s worth multiples and north of 50 cents on appraisal


    https://hotcopper.com.au/data/attachments/4927/4927403-ada05c405501232c818bc7616cb7f3a7.jpg


 
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