MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-686

  1. 10,189 Posts.
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    Doesn’t matter Kit67 what gross pay you have, the upper sections have been significantly written off because of the quality of oil and trying to sell it into the market. Profit gets hit, capital gets hit and feasibility. The CEO saying yesterday he “hopes” that the lower drill is light oil is significantly different in tone before the drill started hence the continual sell off

    plus the basin right now is a 1 billion dollar valuation which prices in a lot still with no solid result. Fundamentals have changed significantly
    Last edited by Roch2077: 17/08/23
 
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