MAY melbana energy limited
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Ann: Block 9 - Maiden Contingent Resources, page-119

  1. iluminaughty
    2,722 Posts.
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    25/03/24
    18:08
    Post #: 73049320
    What do you think the timeline is for this? Within the next 2-3 years????

    Hopeful next steps
    • oil is definitely very good and under high pressure at around 3,500m
    • decision to bring on deeper oil as priority
    • this will require some serious transport - ideally a pipeline - but trucks will have to do for now
    • pipeline plans mobilised
    • plan to get shallow oil at later date
    • serious possibility of a takeout offer for initial wells - min 30 cents - hopefully 50+
    • saving further exploration in block 9 for later


    Last edited by iluminaughty: 25/03/24
    MAY Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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