MAY 1.82% 5.4¢ melbana energy limited

What do you think the timeline is for this? Within the next 2-3...

  1. 2,440 Posts.
    lightbulb Created with Sketch. 562
    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
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
5.4¢
Change
-0.001(1.82%)
Mkt cap ! $178.6M
Open High Low Value Volume
5.6¢ 5.6¢ 5.2¢ $122.9K 2.265M

Buyers (Bids)

No. Vol. Price($)
2 193124 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 785185 3
View Market Depth
Last trade - 15.32pm 07/05/2024 (20 minute delay) ?
Last
5.4¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
5.5¢ 5.5¢ 5.2¢ 1076722
Last updated 15.59pm 07/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.