MAY 5.56% 3.4¢ melbana energy limited

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

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  1. 10,189 Posts.
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    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
 
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