MAY 4.65% 4.1¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-91

  1. 2,164 Posts.
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    It's almost gobsmacking that such a large reserve upgrade barely moves the dial. This hit 20 cents years ago and now trading sideways. It does really look like the production and sales/ quarterlies is going to be what moves the price.

    I mean saying they going to start getting that 48mmbo of higher quality oil shipping before the end of 2024 means there should be a decent re-rate as they transition towards that timeline imo.
 
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