MAY 4.29% 7.3¢ melbana energy limited

Honestly peeps, if you want to place VOGC & All others excellent...

  1. 2,643 Posts.
    lightbulb Created with Sketch. 4684

    Honestly peeps, if you want to place VOGC & All others excellent contributions into perspective I suggest a trip over to the T***ersphere.. & seriously Muchas Gracias Gents, learning more everyday... tongue.png 8tey

    Total load of knackers made popular by one Donald J Trump, but it does have a number of tasty morsels AP has put up with segue interviews..


    https://hotcopper.com.au/data/attachments/4081/4081448-aad5dca480a2fbbbbe00bd3cd4789d90.jpg

    And if you didn't know better you'd swear this MAY mob are sitting on a mountain of oil.

    Also you may not know that Cuba has discovery & production costs totalling $10US a barrel.. ref AP.

    On light crude (MAY resource General Assumption, yet to be proven I agree) that's over $80US profit per barrel currently x 141m x 30% to arrive at potential of MAY's interest and you get the idea.. $$$$

    Depth & location underpin AP's quote they could have product in the market by Sep 2022. ref AP.
    & Cuba is party to international pricing structure agreements.. A fair price for a fair days pumping.. Like it

    NWE or more comparatively 88E wont come within a bulls roar of the timeline & qty cost to market metrics this mob have.. !!

    Also AP called 150m of net pay zone N section on twitter Feb 1.. ref AP above

    Before quickly retracting and saying pending appraisal.. note..
    https://hotcopper.com.au/data/attachments/4081/4081454-9a8c0a5ccf8e311f4deed5ff6ee085c7.jpg
    However 1 week later they announced 450m of total gross interval in N section with significant oil shows ref ann dated Feb 7.!

    Remembering they called 150m on Feb 1 after TH (basically the entire section drilled at the time of release) & then drilled another 300m, before announcing significant oil shows over 450m gross interval, so does that mean more pay zone pending?

    U1 was unexpected extra 670m circa gross interval having encountered oil shows just after first casing at 454m. 15% CoS

    N section may be seen to have exceeded estimates (500m & 450tvd gross int with 150m pay zone already confirmed) 23% CoS

    Alameda? It was the primary target with highest probability for success! .......... 32% CoS

    They have basically almost banked 2 out of 3 already so who is backing the next one out?

    Trusted chartist called 10c this week on Sat based on Momentum, Set-up and Technicals shown..

    Actually he called higher than that but I don't want to ramp, though if we get a sniff it could well do it.

    AP's tweet above, where he calls net pay of 150m on N section only had 178 views.

    Market still aint caught on IMHO..

    Ergo I wager this Bull aint felt the spur yet... ;-) 8tey

    Last edited by Hateful8: 13/02/22
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
7.3¢
Change
0.003(4.29%)
Mkt cap ! $246.0M
Open High Low Value Volume
7.1¢ 7.4¢ 7.1¢ $839.0K 11.62M

Buyers (Bids)

No. Vol. Price($)
2 455467 7.3¢
 

Sellers (Offers)

Price($) Vol. No.
7.4¢ 705500 5
View Market Depth
Last trade - 16.10pm 07/06/2024 (20 minute delay) ?
Last
7.4¢
  Change
0.003 ( 6.02 %)
Open High Low Volume
7.1¢ 7.4¢ 7.0¢ 3963620
Last updated 15.59pm 07/06/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.