MAY 1.43% 6.9¢ melbana energy limited

In terms of SP, CNV is an interesting comparator. The SP sat...

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    In terms of SP, CNV is an interesting comparator. The SP sat around 2 cents for many years, then when the discovery was made in 2018 it spiked up to 58 cents. No production yet, and it languishes in the mid-20s. But it's offshore, seemingly a much smaller resource and, I guess, a share of the pie less than 30%. On that basis we should get to $1 if the main prospect of this well turns up trumps, let alone Zapato.


 
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