MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-646

  1. 5,637 Posts.
    lightbulb Created with Sketch. 1029
    Just trying to make sense of the rationale about spending 10 million on the A2 well if MAY's Geo's knew in high probability that the oil was heavy like most other Cuban shallow fields, and wouldn't flow without some sort of horizontal well or assistance so why try and attempt to flow test these sections conventionally at all ? Could have decided to save the cash and properly log these sections in a single A3 well coming back later with a proper plan for the more difficult heavy oil sections.
 
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
2.3¢
Change
0.001(4.55%)
Mkt cap ! $77.51M
Open High Low Value Volume
2.2¢ 2.3¢ 2.2¢ $36.01K 1.574M

Buyers (Bids)

No. Vol. Price($)
4 1236582 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 1541613 8
View Market Depth
Last trade - 10.33am 24/06/2025 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.