MAY 4.00% 2.6¢ melbana energy limited

Its an accounting thing unfortunately with the internal...

  1. 3,585 Posts.
    lightbulb Created with Sketch. 1869
    Its an accounting thing unfortunately with the internal processing of Sonangol, it's common with every company to have invoices paid late at some level. Its odd that the junior partner is doing the hard yards but it's working and the skill set developed by the company will be good in the long term. No reason why they couldn't repeat this experience elsewhere globally if the opportunity arises.

    As long as the JV is progressing with approvals and getting a FID for a drill campaign agreed on we should be in good stead.

    Best of luck holders
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
0.001(4.00%)
Mkt cap ! $87.62M
Open High Low Value Volume
2.6¢ 2.8¢ 2.6¢ $208.3K 7.823M

Buyers (Bids)

No. Vol. Price($)
3 645011 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 1907832 5
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.