MAY 3.92% 4.9¢ melbana energy limited

Gharp,In Cuba the pressure drive mechanism is predominantly gas,...

  1. 3,440 Posts.
    lightbulb Created with Sketch. 1748
    Gharp,

    In Cuba the pressure drive mechanism is predominantly gas, hence why there is gas readings consistently in the upper/lower sheets.

    Errol explained this in detail at the PESA Christmas luncheon a year ago. The basins in Cuba are oil prone with only a few gas fields that sherrit operate for a gas fired power plant. This also explains why the high pressure gas separator was brought in early.

    Its also interesting that if gas is abundant it fits a model like that of the Middle East where even the largest of oil fields contain several tcf of associated gas.

    best of luck holders
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
-0.002(3.92%)
Mkt cap ! $165.1M
Open High Low Value Volume
5.3¢ 5.4¢ 4.9¢ $221.3K 4.363M

Buyers (Bids)

No. Vol. Price($)
4 162950 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 517271 1
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
5.0¢
  Change
-0.002 ( 5.89 %)
Open High Low Volume
5.4¢ 5.4¢ 4.9¢ 2168737
Last updated 15.59pm 16/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.