MAY melbana energy limited
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Ann: Cuba Block 9 Update, page-1478

  1. avthold04
    1,552 Posts.
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    01/04/25
    12:58
    Post #: 78497930
    $2m to rent rig for 6 weeks - even if that is true 30% of $2m is $600k cost to MAY. If May spends $6m on these two well, means that Sonangol contribute $14m (total $20m). May's Management fee on $20m is $2m plus.

    The 2 new pads are shallow 1200td on previous occasions took between 30 to 40days.
    MAY Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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