MAY 3.92% 4.9¢ melbana energy limited

First production test achieved 1903 bpd and was chocked down to...

  1. 1,230 Posts.
    lightbulb Created with Sketch. 211
    First production test achieved 1903 bpd and was chocked down to average 1200 bpd from one well. Now have 2 wells in place, so conservative 2400 bpd should be capable within a month or so.

    Next development wells into 1b will be quick and cheap. Production 5,000 bpd by the end of 2024 is what management have continued to quote (as late as Thursday) - you can expect the 5,000 bpd is a conservative estimate given ASX rules.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
-0.002(3.92%)
Mkt cap ! $165.1M
Open High Low Value Volume
5.3¢ 5.4¢ 4.9¢ $221.3K 4.363M

Buyers (Bids)

No. Vol. Price($)
4 162950 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.1¢ 517271 1
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
5.0¢
  Change
-0.002 ( 5.89 %)
Open High Low Volume
5.4¢ 5.4¢ 4.9¢ 2168737
Last updated 15.59pm 16/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.