Listen to Andrew Purcell's own words: "... many, many, oil and gas explorers while drilling wells just choose to have a tight hole and say nothing..."
source: **promotion blocked** Webinar Series: Melbana Energy (ASX:MAY) Investor Briefing (July 21, 2023)https://youtu.be/HpyVtkMhM6w
If you look through oil and gas majors, they don't say jack until their quarterly lol....
So yes, they need to report it, but according to the ASX they do not have to report it immediately: https://www.asx.com.au/documents/rules/gn32_reporting_on_oil_gas_activities.pdf
Also, I think this was directed at you:
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $12.33K | 551.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4165970 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1466587 | 6 |
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| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| MAY (ASX) Chart |