MAY 3.33% 3.1¢ melbana energy limited

250k bbl every 60 days is 4000bopd too. addition deep zone perfs...

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  1. 7,976 Posts.
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    250k bbl every 60 days is 4000bopd too. addition deep zone perfs in A2 work over too, to exploit the 80% pay not yet perforated. perhaps 3x the 1235 is the A2 u1B target post proper completion. I’ll believe it when I see it but I wouldn’t be surprised on this positive outcome and it would certainly light the rocket to 30c. If 4000bpd is a dream turned to reality then 28000bpd (6100bpd (22%) net to MAY) might be reality as early as the end of 2025. Thats $150M revenue to MAY for approx $1B MCAP / 30c. If A3 work over works, double that to $2B or 60c.
    Last edited by justinmetals: 11/09/24
 
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