MAY
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10.3% 3.2¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-321

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  1. Roch2077
    10,189 Posts.
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    28/06/24
    07:53
    Post #: 74515718
    Yes 18API flowing from 4km down a hole when Saudi Arabia and any heavy oil prospect flows close to surface at 800m to 1.5km down. Any idiot knows that them getting any oil out at depth at a feasible rate won’t happen. Now is the question that they need to raise money and before you tell me they are producing, 5 million dollar revenue makes this a 30 million dollar market cap and still burning money
    MAY Price at posting: 3.3¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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3.2¢ 		Change
0.003(10.3%) 		Mkt cap ! $107.8M
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