MAY 3.57% 2.7¢ melbana energy limited

General discussion, page-207

  1. 10,189 Posts.
    lightbulb Created with Sketch. 1986
    I’ll answer your question below:

    1. Discovery already called
    2. Delayed appraisal from 12 months ago as well was structurally damaged
    3. 90 percent commercial success rate
    4. Appraisal of conservative 388 million barrels of oil
    5. All tanks and trucks ready and production start in March/April
    6. STX and WGO 42 million and 32 million barrels respectively are a 700 and 400 million dollar company
    7. MAY appraisal for 126 million barrels 100 percent owned 1.5 billion dollar valuation north of 50 cents.
    8. Fair value right now is 15-20 cents on peer to peer comparison

    So you expect me to sell and news flow to begin to ramp up in next 1-2 weeks until appraisal starts Couple weeks later. Yeh ok I’ll do that
 
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