MAY 0.00% 2.0¢ melbana energy limited

Ann: 2023 AGM Presentation, page-24

  1. 7,727 Posts.
    lightbulb Created with Sketch. 963
    I think they previously stated that after shut-in they will drill A3 and keep A2 dormant until they pass through (and I presume, case) the upper zones. At that point they can recommence A2 production. From that, we can assume that spud for A3 will simply be subject to supplies, and they will be keen to get past the upper reservoirs as quickly as possible. Calls for "next year" don't align with this storyline, so most likely we will see a spud on A3 before the end of November (they have not revised that call yet), and resumption of A2 mid-January (by the looks of the A3 timeline estimate). Worth asking the specific Q at the AGM if someone gets the chance.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $67.40M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $37.57K 1.856M

Buyers (Bids)

No. Vol. Price($)
37 11509043 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1523856 5
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.