MAY 0.00% 2.3¢ melbana energy limited

the flow,What you are pointing too is called well workovers,...

  1. 3,616 Posts.
    lightbulb Created with Sketch. 1930
    the flow,

    What you are pointing too is called well workovers, where they target old wells with a set criteria to acid frac to increase production. The set criteria depends on strata and depth, old wells tend to also be shallow so that may be the main limiting factor.

    The rig is probably still on site as they haven't stated it being released. I have heard that there are acid frac kits in Cuba so maybe ap has been working on it.

    best of luck holders
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.3¢
Change
0.000(0.00%)
Mkt cap ! $77.51M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
6 5666244 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 24500 1
View Market Depth
Last trade - 10.43am 05/09/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.