MAY 2.17% 4.7¢ melbana energy limited

Ssm,The basic point is that most basins in Australia don't...

  1. 3,453 Posts.
    lightbulb Created with Sketch. 1778
    Ssm,

    The basic point is that most basins in Australia don't have these prolific fold/thrust belts that are found in Asia and the Middle East. Fold belts have a lot of geological stress and hence pressure, these also predominantly exist in areas close to major fault zones which Australia doesn't really have.

    These fold/thrust belts also create a lot of fractures due to the brittle nature of some rocks. Hence high pressures and fractures creating difficult drilling conditions. Even above reservoirs there are pressurised and fractured zones that can contain mud or gases.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $158.4M
Open High Low Value Volume
4.6¢ 4.7¢ 4.6¢ $69.81K 1.499M

Buyers (Bids)

No. Vol. Price($)
3 756361 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 244830 4
View Market Depth
Last trade - 11.15am 21/05/2024 (20 minute delay) ?
Last
4.7¢
  Change
0.001 ( 3.07 %)
Open High Low Volume
4.6¢ 4.8¢ 4.6¢ 1027412
Last updated 11.43am 21/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.