MAY 3.77% 5.5¢ melbana energy limited

They have made it tougher for comparisons. If someone has a good...

  1. 989 Posts.
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    They have made it tougher for comparisons.
    If someone has a good table then appreciated.

    From what I can see the Amistad Recoverable Resource for MAY's 30% used to be 26.4m barrels (Best case, 20th Dec investor presentation) and is now at a minimum of 41m just based on Unit 1B.
    I'm not sure how much of the original 26.4m Unit 1B accounted for though, and whether that amount will have increased or decreased.

    So although it bodes well, this release has only guaranteed a ~19% increase in the previous total 80m net to MAY resource which is perhaps why the price hasn't responded emphatically today.

    Please shout if I've got anything wrong there!

    Still massively undervalued.
    GLTAH
 
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