MAY 1.43% 6.9¢ melbana energy limited

Released News: Cuba Block 9 Operations Update, page-237

  1. 3,656 Posts.
    lightbulb Created with Sketch. 1073
    quick one - just comparing time to TD in A1:

    https://hotcopper.com.au/data/attachments/5948/5948022-e528f1022cc6f2ef0846b3ef47dc8019.jpg

    it took 212 days to get to TD in A1. Why is this forecast for only 95 days? What makes this significantly quicker to drill then A1, given the testing that needs to be carried out now under appraisal vs the exploration type setup previously (that wasnt done during A1?)??

    https://hotcopper.com.au/data/attachments/5948/5948034-a32d9675f122956276a4fad158ac37c8.jpg


    I have strong doubts based on both Alameda and Zapato drills that we will be anywhere near TD in just 95 days....keen to hear from the brains trust here as to why theyve stated less than half the time it actually took in A1???

    surely a July TD would be......confused.pngeek.png
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
6.9¢
Change
-0.001(1.43%)
Mkt cap ! $232.5M
Open High Low Value Volume
7.0¢ 7.0¢ 6.8¢ $275.1K 3.983M

Buyers (Bids)

No. Vol. Price($)
1 289170 6.9¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 560000 2
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
6.9¢
  Change
-0.001 ( 1.85 %)
Open High Low Volume
7.0¢ 7.0¢ 6.8¢ 2492935
Last updated 15.59pm 14/06/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.