MAY melbana energy limited
Add to My Watchlist 6.52% ! 2.2¢

Ann: Change of Director's Interest Notice, page-61

  1. Roch2077
    10,189 Posts.
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    05/02/24
    11:37
    Post #: 72238900
    40 million that doesn’t include operating costs

    So your left with after operating costs 12 million dollars

    You own 30 percent of that so 4 million for MAY

    Then take into royalty and taxes your left with 2 million dollars

    All you make is 1-2 million dollars per well and that’s being generous and it’s more likely a loss for every well at that production

    Unit B is Uneconomical
    MAY Price at posting: 6.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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2.2¢ 		Change
-0.002(6.52%) 		Mkt cap ! $74.14M
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