MAY melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-34

  1. 6,917 Posts.
    lightbulb Created with Sketch. 2612
    An increase to net pay of the zone that couldn't derive a flow rate.. yes yes... we knew this from the previous announcements about Unit 1A.

    e.g: "With a productive interval of 63 metres TVD this interval now needs to be reconsidered..." source: 5 Jul 2023, ASX:MAY, Alameda 2 First Production Results

    What was hidden by this announcement, is they are behind schedule.

    They could also be using this announcement as a way to boost the share price before they possibly run into trouble with determining future flow rates, as I expect to be the case because of a deviation to the known exploration trajectory.

    Just show us the cores of Amistad 1b- 3 lol.... was there visible oil or not?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.4¢
Change
0.000(0.00%)
Mkt cap ! $80.88M
Open High Low Value Volume
2.4¢ 2.4¢ 2.3¢ $26.10K 1.095M

Buyers (Bids)

No. Vol. Price($)
6 904997 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 398900 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.