MAY melbana energy limited

Ann: Cuba, Block 9 PSC Update on Alameda 2 appraisal well, page-526

  1. 10,189 Posts.
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    See the difference between other O&G plays is three things:

    1. Oil is already discovered
    2. Oil resource has already indicated to be the largest than more TB an a decade with upside 5-10 times
    3. Drill Pad is a runway prepared and expanded for transportation of barrels by trucks and storage of tanks for future production, hiring of extra production engineers

    Tells you shortly what’s to come. Never seen something this de risked at a 260 million market cap half the price of IVZ Before a discovery even called at a 15 percent success rate and a quarter of the price of 88e which has multiple dusters. It’s too cheap and severly undervalued should never be at this price and fair value is 20 cents and that’s right now



    Last edited by Roch2077: 20/02/23
 
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