CS Energy entered into a farm in deal with MEL $11m initially for 15% but the cream is for a further $94m to be injected once/if MEL prove up 540PJ (2P).
The ann today brings 2P reserves to 194PJ.
I sold today for 0.91c. Look for further weakness leading up to pilot production drilling in early October.
Will look at buying back in on weakness <80c.
big reserves, page-3
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $2.91K | 761.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 21129663 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11390670 | 11 |
View Market Depth
| Last trade - 14.21pm 27/09/2024 (20 minute delay) ? |
| MEL (ASX) Chart |