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2.2¢ melbana energy limited

Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-691

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Money_Maker

3,903 Posts.

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02/09/23

15:48

Post #: 69704097
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Originally posted by rolling: ↑

You are pretty close. The quote below doesn’t reference the API. B9 being 18.7 to date, the discount could be greater than 60%. And costs would have gone up since 2017. Perhaps you are looking at closer to $20.

“The economic value of Cuban crude oil in the international market is about 60% of the reference crudes WTI and Brent. It is estimated that the production cost of a barrel of oil from offshore platforms in Cuba is about $20-35, while the production cost of oil produced from inland oil fields is $13-15/bbl.”

Lots of info here,

https://www.digitalrefining.com/article/1001355/cubas-oil-due-for-development

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I added up wrong, lol.

I made cost $20. National oil companies probably pay $15 of this, the contracts are complicated. Not sure about MAY so I added two $5 notes to the cost. So $20 profit.

I don’t use costs when calculating fair marketcap though.

https://scholarworks.uark.edu/cgi/viewcontent.cgi?article=1044&context=anrlaw

MAY Price at posting: 7.5¢ Sentiment: Hold Disclosure: Not Held
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Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $74.14M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$2.1K	100.0K

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No.	Vol.	Price($)
4	618569	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
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No.	Vol.	Price($)
4	618569	0.021
14	2020573	0.020
7	1251660	0.019
2	483750	0.018
1	500000	0.016

Price($)	Vol.	No.
0.022	1409942	9
0.023	3387770	8
0.024	3291429	13
0.025	2498709	12
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