MAY melbana energy limited

Ann: Trading Halt, page-49

  1. 2,164 Posts.
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    I haven't been paying close attention lately but think was alexeii said zone 3 was minimal pay so 750 barrels per day potential from that is huge. If Zone 2 and 1B have so much more net pay and porosity is in fact 9% versus 5% average for Cuba then it's not impossible to get into the 1000's barrels a day maybe even with the heavy crude and a vertical shaft.

    Oil is still the best conversion to money atm or the simplest almost like a resources money printing press. $86 a barrel for the Venezuelan crude will do me especially when it's onshore. They are going to take 6 months to drill alameda 3 it's a deep well with a lot of pressure clearly. Hopefully they man up and get a second project going for the Amistad concurrently.
 
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(20min delay)
Last
2.1¢
Change
-0.002(8.70%)
Mkt cap ! $70.77M
Open High Low Value Volume
2.2¢ 2.3¢ 2.1¢ $99.69K 4.545M

Buyers (Bids)

No. Vol. Price($)
12 4904949 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 391546 1
View Market Depth
Last trade - 16.10pm 25/06/2025 (20 minute delay) ?
MAY (ASX) Chart
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