MAY 13.6% 2.5¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-124

  1. 4,071 Posts.
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    I guess the flow rates are a disappointment but metres of oil discovered a huge success .... not really sure what the number of barrels per day was expected but here we are 750bod

    How many barrels of oil could they get using pumps ? ... and at what cost ?

    They mentioned heavy oil so one can only conclude quality is not perfect.

    Oh well this is just the beginning for MAY and more news will follow (good & bad) ... glad I didn't over commit on funds $$ even thru I may still get a hair cut on my money.

    Some traders boasting / gloating their holdings of millions of shares may need to reconsider that early retirement & bottles of champagne in fridge

    Best of luck to everyone as we are all here to make money at the end of the day

    Hoping the SP doesn't overly tank
    Last edited by mad max: 15/08/23
 
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