MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-364

  1. 10,189 Posts.
    lightbulb Created with Sketch. 1987
    please Kit67 save me the advice. CEO AP said that oil will be flowing into trucks shortly and the money will begin to flow through but now all along we need infrastructure to be built to pump it out which costs money and the oil is cheaper than normal oil. Please the CEO was pumping it without stating the truth which is as follows:

    1. Oil will be less quality than normal light oil like IVZ have proved up which can be used in cars and transport. Rather than industry where demand isn’t as hot hence the money flowing through will be significantly less

    2. We need infrastructure to pump this oil to surface and we are getting the equipment in place to make sure this flow test is done right.

    Instead he was making up stories the whole way through. Why? Be upfront and say it how it is. Everyone thought the other because of this
 
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.
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $39.98K 1.759M

Buyers (Bids)

No. Vol. Price($)
11 3120380 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 207741 5
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.