MAY 6.06% 3.5¢ melbana energy limited

So we have this statement"A contributing factor to the...

  1. 200 Posts.
    lightbulb Created with Sketch. 265
    So we have this statement

    "A contributing factor to the lower-than-expected performance of the Marti reservoir could be attributable to emulsions formed between oil and drilling mud in the lower portion of the test string. Those concerns have been incorporated into the design of the Alameda reservoir flow testing program to monitor for anomalies, gain further insights into flow rates optimisation and improve results."

    My interpretation: They've kinda learnt something from the Marti flow test...they've incorporated these learnings for the Alameda flow test...looks like it's a success and it starts flowing (presumption) and they have the confidence to draw a line in the sand and will conclude in 5 days.

    This is the basis for my optimism...feel free to interpret the announcements to suit your own disposition.
    Peace.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
0.002(6.06%)
Mkt cap ! $117.9M
Open High Low Value Volume
3.3¢ 3.6¢ 3.3¢ $577.5K 16.92M

Buyers (Bids)

No. Vol. Price($)
5 1018559 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 1521853 6
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.