MAY
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3.85% 2.7¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-453

  1. fishmarket
    115 Posts.
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    30/06/24
    12:19
    Post #: 74535763
    While acid could enhance the well, it is highly improbable to yield substantial oil flow (ie filling a 600000 barrels Aframax oil tanker).
    Sadly the share price appears to be returning to levels observed prior to the discovery of oil.
    Let's focus on drilling some shallow wells rapidly and selling some of the seemingly accessible oil.
    MAY Price at posting: 3.5¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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