MAY melbana energy limited
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Ann: Block 9 Early Production Testing Update, page-477

  1. Roch2077
    10,189 Posts.
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    10/12/23
    00:53
    Post #: 71366871
    Two pieces of information summarise for you demand vs production. Both production falling by almost half in past 3 years and exports 9 million dollars vs imports 70 million. Right now MAY is a 1 billion dollar basin and still heavily over priced. This is a pump and dump by traders that flow between the 4 oil pennies on the ASX. Keep pumping flambeau the demand is not there from Cuban oil and the international demand is not there for Cuban oil, this current share price because again and again the product is used for roads and plastics and the world is moving away from plastics. Doesn’t matter how much you find it’s a flawed product with no solid demand for growth


    https://hotcopper.com.au/data/attachments/5806/5806542-0d43fe6f0a6ef5b13acfbc3b4e55adc7.jpghttps://hotcopper.com.au/data/attachments/5806/5806539-d832e2973b4c0f70513ed2ef36be3f60.jpg

    Last edited by Roch2077: 10/12/23
    MAY Price at posting: 7.2¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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2.3¢ 		Change
0.002(9.52%) 		Mkt cap ! $77.51M
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1 909090 2.2¢
 

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Price($) Vol. No.
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