MAY 6.06% 3.5¢ melbana energy limited

Hi All,A few points from the AGM audio discussion (summary...

  1. 329 Posts.
    lightbulb Created with Sketch. 7133
    Hi All,

    A few points from the AGM audio discussion (summary attached):
    Shallow Interval (above U1):
    "Continuous and significant oil interval that was not expected"
    Strong comment - inline with: Finance Investor Event - Interview with Andrew Purcell - 26/10/21 -" Have made a discovery"

    Amistrad Objective:
    "Serpentinite [zone] - high pressures below this in the Amistrad level"
    The current high pressure zone(s) are associated with the Amistrad Objective.
    "High pressure zone ~350m above where it was anticipated"
    Correlates fairly well with the ~top of N Objective from schematic - thus, MAY were NOT expecting the Amistrad objective to be at these high pressures. This bodes very well for the Amistrad Objective with so far oil & gas shows reported and at higher pressures than were expected.

    I've put together, as best as I can, a summary of what has been released / mentioned with regard to the Amistrad (U1) objective so far. This leads me to believe that we possibly (see schematic assumption) have ~180m of gross Amistrad objective with hydrocarbon shows under higher than were expected pressures at this point in time - if this holds, or anything close to it, a great result so far for this objective!

    Cheers
    VOGC

    https://hotcopper.com.au/data/attachments/3841/3841708-3cbf698726d6a049350b9f6a537b8739.jpg

    https://hotcopper.com.au/data/attachments/3841/3841710-dc18d40dd74fb2646b62fffd2488d1dc.jpg

    https://hotcopper.com.au/data/attachments/3841/3841714-520dadc76fb07993d6a4cf457528e05b.jpg

 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
0.002(6.06%)
Mkt cap ! $117.9M
Open High Low Value Volume
3.3¢ 3.6¢ 3.3¢ $577.5K 16.92M

Buyers (Bids)

No. Vol. Price($)
5 1018559 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 1521853 6
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.