MAY 6.06% 3.5¢ melbana energy limited

But i thought the original well was an exploration well and...

  1. 65 Posts.
    lightbulb Created with Sketch. 197
    But i thought the original well was an exploration well and never intended to produce.

    Correct me if im wrong, but isnt it inaccurate to say "Al1 was a well intended to produce" and that this is the same team back at the same location to "achieve the same objectives"?

    Isnt this time a completely different objective?
    first time around: objective was to explore, see if there's anything there. results were: there's oil there.
    second time around: objective is to flow test and, if those results are good, produce.

    where am i wrong here?
 
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.