MAY 20.0% 4.8¢ melbana energy limited

Ann: Block 9, Alameda-3 Appraisal Update, page-440

  1. 4,028 Posts.
    lightbulb Created with Sketch. 669
    Yeh to me the vagueness of the announcement suggests its probably more than an acid washout as rectification. Wouldn't they have attempted this if they really thought it was a simple fix instead of potentially affecting hole stability with an alameda test then having to case it again and or drill a sidetrack ?

    I'm leaning more that the mud weight and chemistry is incorrect and they will need to drill another sidetrack to properly test the hole whether they are able to not I'm leaning more that Sherritt want their rig back hence why they had to move to testing Alameda.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
4.8¢
Change
0.008(20.0%)
Mkt cap ! $161.7M
Open High Low Value Volume
4.1¢ 4.9¢ 4.1¢ $834.0K 18.73M

Buyers (Bids)

No. Vol. Price($)
1 48202 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 2114504 5
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.