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5.4¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-123

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Hawarani

3,771 Posts.

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25/03/24

19:13

Post #: 73050386
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Originally posted by iluminaughty ↑

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

How long is a piece of string

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MAY Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.4¢		Change -0.001(0.93%)		Mkt cap ! $181.9M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.3¢	$21.10K	392.6K

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No.	Vol.	Price($)
7	1404337	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	130000	3

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No.	Vol.	Price($)
6	1026979	0.053
4	1420866	0.052
5	785803	0.051
10	2595000	0.050
2	150000	0.049

Price($)	Vol.	No.
0.054	130000	3
0.056	230443	1
0.057	221000	3
0.058	369297	3
0.059	655000	4

Last trade - 10.09am 30/05/2024 (20 minute delay)


Last 5.4¢			Change -0.001 ( 2.53 %)
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