I am glad to see exceeding expectations for h and more conventional reservoir, but I do not see any reservoir engineering parameters justifying any over excitement. Show me a stabilized production rate as a proof for commercial operations and I will get excited as well. Finally we see a chance that Mel will be able to generate a free cash flow from Odin and Vali and that Mel becomes an E&P company. But for a game changing share price we still will need a jackpot oil reservoir hit in Cervantes in my opinion?
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.581M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $12.46K | 5.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11713008 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10212025 | 11 |
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| Last trade - 15.40pm 24/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |