MAY

5.26%

3.6¢ melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-490

First 490 Last

Share
Profile

Follow
Mercury_Rising

991 Posts.

274

08/08/23

10:09

Post #: 69216706
Share
Originally posted by VOGC ↑

Hi All,

For those interested, just Posting my review of the ASX 4/8/23 together with some back-up Slides and a re-working of my estimated volumes and very rough share price estimates.

With respect to the share price estimates, I've derived theses over many years of investing and just see them as a very rough guide to indicate to me if value is being factored in by the Market that is outside of what I would expect for a discovery's current level of understanding. Institutions etc. will obviously be focusing on many other aspects with respect to MAY's progression:

Production flow rates

Development costs & timing

Sovereign risks - keeping the acreage, keeping the oil, can you get it out of the county, can you get paid etc.

Slides:
1. Review of ASX 4/8/23
Key Points

IMO, from the literature on the Northern Oil Belt Fields the 538m net pay number would be more justified.

Permeability present

Vuggy porosity present

Comments on same issue in Item 1

2. Example from literature commenting on production being significantly from fractures and other forms of secondary porosity.

3. Information from which Vertical Richness (MMBO/m) has been derived from.

4. Estimates of current recoverable resources, net to MAY, from Vertical Richness calculation.

5 to 8. Very rough share price estimates (Note - qualifying comments above).

GLTAH
Cheers
VOGC

Expand

There seems to be a coordinated campaign by the usual suspects to muddy the trail by dredging up old threads and conspiracy theories - but the real focus should remain on the impactful numbers from the VOGC analysis underpinning this globally significant discovery.
MAY Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
42 Upvote

0 Great analysis

Reply

Top Stories

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BUX

Buxton projects new graphite province discovery at WA Narryer play

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

There are more pages in this discussion • 345 more messages in this thread...

First 490 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change -0.002(5.26%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$40.16K	1.116M

Buyers (Bids)

No.	Vol.	Price($)
6	670068	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	13422	1

View Market Depth

No.	Vol.	Price($)
6	670068	0.035
9	654962	0.034
6	1767551	0.033
2	362500	0.032
7	799801	0.031

Price($)	Vol.	No.
0.036	13422	1
0.038	802430	5
0.039	698060	5
0.040	904244	5
0.041	465955	4

Last trade - 16.10pm 04/10/2024 (20 minute delay)

MAY (ASX) Chart

Ann: Block 9 Alameda 2 Increase in Net Pay, page-490

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Block 9 Alameda 2 Increase in Net Pay, page-490

Top Stories

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News