MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-811

  1. 10,189 Posts.
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    Firstly cuba in total pump 40k barrrels a day of oil. You think in the next couple of years you will double this for them ok hahahah. Your oil is least demand and that 500k profit is not after expenses including staff. Your idea that this will generate big profits is a dream because it still won’t be profitable with this type of oil flow

    Listen to Cubas own people on MAY it will take upto 3 years on spending a ton on infrastructure to get to 10000-15000 thousand barrels a day. That’s if the demand is there for that type of oil as well. But after refining costs and labour and trucking and staffing your still left with $5 a barrel on the bottom line. So do your calculations after 3 years on the upper sheetd

    It leaves you with 4 million dollars profit on bottom line for your share at best. Piss all and all that after 3 years and still severely overvalued. To become a billion dollar company you need to be turning around 50 million pure profit after tax per year

    https://hotcopper.com.au/data/attachments/5517/5517508-f32416cf0587b99c596ec93a5d12a080.jpg

    Last edited by Roch2077: 18/08/23
 
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