MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-792

  1. 5,637 Posts.
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    That's the frustration Its more AP's strange way of handling market expectations of this campaign and their actual overall plan for this block would not have seen such violent movements in the share price. The more I look into the situation he could have easily subdued the markets expectations of oil flowing to surface especially for unit 3 in this well by comparisons with other heavy cuban oil fields and methods of extraction. But not once did he or the Geo's mention this in any webinar or presentation until after the wells results.

    If there was an emphasis that the main goal was the lower sheets before this campaign. The 2nd well is the main goal to find lighter crude and the first well was merely a capturing data campaign the share price may have hovered around 8c and not seen the movements in either direction which would be better for the long term holders of the company not descend into some day trade play stock.
    Last edited by Gharp: 17/08/23
 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $39.98K 1.759M

Buyers (Bids)

No. Vol. Price($)
11 3120380 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 207741 5
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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