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3.4¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-74

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Feral54

3,626 Posts.

1134

25/03/24

12:45

Post #: 73042881
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Originally posted by Kit67: ↑

Thanks. I am "getting it" (thanks for the condescending reply though) as I am simply applying the EvoCap valuation methodology to the updated numbers. And thanks - I do understand the differences in terminology (as does Melbana - hence their comments regarding development, etc.

Bottom line - the numbers are bigger, and that's just using 1B of the upper sheets.

Buy, Hold, Patience. That's always been my play.

Kit.

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Wasn’t the 1b reservoir tested earlier on in Al3.? If so why has this McD report come out ahead of Al2. Perhaps it has been cherry picked because as a single reservoir it is easier to complete. That means they have taken a very long time on Al2.

MAY Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 3.4¢		Change 0.000(0.00%)		Mkt cap ! $114.5M

Open	High	Low	Value	Volume
3.4¢	3.5¢	3.4¢	$18.57K	540.7K

Buyers (Bids)

No.	Vol.	Price($)
7	786543	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	894358	5

View Market Depth

No.	Vol.	Price($)
7	786543	0.033
3	1317000	0.032
5	783500	0.031
9	951998	0.030
6	584671	0.029

Price($)	Vol.	No.
0.034	894358	5
0.035	804474	3
0.036	1330666	3
0.038	355554	4
0.039	819682	5

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