MAY 5.56% 5.7¢ melbana energy limited

Company mentioned they had found gas in the reservoirs during...

  1. 307 Posts.
    lightbulb Created with Sketch. 113
    Company mentioned they had found gas in the reservoirs during one of the drilling operations updates. What's being flared will be any entrained gas being carried up the production string by the oil flow that gets separated inside the three phase test separators and then disposed (flared off). I do vaguely remember something being asked in the webinar about the flare package size constraints and Duncan or AP being quick to shoot down the need for an upgraded flare package as they weren't expecting that much entrained gas to be present in the oil stream.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
5.7¢
Change
0.003(5.56%)
Mkt cap ! $192.1M
Open High Low Value Volume
5.4¢ 5.8¢ 5.4¢ $144.5K 2.570M

Buyers (Bids)

No. Vol. Price($)
8 1601115 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 979319 4
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
5.7¢
  Change
0.003 ( 5.56 %)
Open High Low Volume
5.4¢ 5.8¢ 5.4¢ 1070083
Last updated 15.15pm 31/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.