MAY 6.67% 2.8¢ melbana energy limited

Ann: Appraisal Program for Block 9, Cuba, page-265

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,470 Posts.
    lightbulb Created with Sketch. 588
    there was an EXPLORATION CONTRACT for 2 EXPLORATION WELLS, MAY had to complete these obligations, they needed to re engineer a new well design due to the high energy/pressures encountered at the almeida discovery this was going to take time, in the mean time they completed their contract obligations on the 2nd well at zapato.

    They now have rig maintenance and getting the rig in top condition for high pressure flow testing.

    next few months will present best buying opportunities for IMO some decent gains for 2023
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.