Sorry but that is not the case at all go back and read the release on the 16/2/23.
The heading might give you a hint. Cuba,block 9 PSC update on Alameda 2 APPRAISAL WELL.
So, this well is all about logging the net pay zones this will assist further with appraisal and production activities.
If successful, allowance will be made to keep Alameda 2 as a FUTURE oil producer.
It is also planned to complete the plug and abandonment of Alameda 1 whilst the rig is on station.
Lot of folks on here don't seem to grasp that oil and gas drilling does take a long time to tick all the necessary boxes to becoming a producer.
There is also a matter of applying for a permit in becoming a producer.
Hope this helps. Reply to SUS.
- Forums
- ASX - By Stock
- MAY
- Ann: Investor Webinar Presentation
MAY
melbana energy limited
Add to My Watchlist
8.70%
!
2.1¢

Ann: Investor Webinar Presentation, page-213
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $70.77M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.1¢ | $99.69K | 4.545M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 4904949 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 391546 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4904949 | 0.021 |
9 | 2345998 | 0.020 |
4 | 489525 | 0.019 |
2 | 53000 | 0.018 |
1 | 1 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 391546 | 1 |
0.023 | 2022896 | 4 |
0.024 | 1837939 | 9 |
0.025 | 1733416 | 9 |
0.026 | 932951 | 6 |
Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |