MAY melbana energy limited

Ann: Trading Halt, page-108

  1. 14,381 Posts.
    lightbulb Created with Sketch. 2167
    If you sold shares and realised the loss ? ;......

    Looking forward to the update ...should get all the Amistad results ....++++ plus maybe the local main Energy player CUPET coming on board??

    CUPET has decades of experience with local Cuban Heavy Oil exploration/production.. I'm leaning toward a deal with CUPET coming into the picture say 30% share with major funding boost (Chinese backed) to speed up production plans in the short term of the Amistad and in time with Alameda ..

    So maybe MAY interests reducing towards 15-20% of Alameda (along with Sonangol reducing?? ) ...

    MAY would get free carry on agreed investment/targets into the Alameda Discovery .... would see major de-risk with the Cuban Govt CUPET driving production forward with extra rigs/trucking/pipelines in time and goal to produce large BOPD

    Or something along these lines .. we know CUBA is HUNGRY for 50,000+ BOPD ASAP ... so would make sense to have them on board and MAY being able to collect its share and focus on its next exploration well in Block-9 etc
    Last edited by Sharetrader78: 24/08/23
 
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Last
2.3¢
Change
0.001(4.55%)
Mkt cap ! $77.51M
Open High Low Value Volume
2.2¢ 2.4¢ 2.2¢ $72.25K 3.148M

Buyers (Bids)

No. Vol. Price($)
21 4707267 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1099217 2
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Last trade - 16.20pm 24/06/2025 (20 minute delay) ?
MAY (ASX) Chart
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