MAY
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6.25% 3.0¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-37

  1. Flambeau
    6,447 Posts.
    lightbulb Created with Sketch. 2445
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    25/03/24
    11:35
    Post #: 73041140
    Lol... let the bull market commence. It was only a matter of time. S&P500 and NASDAQ are at all time highs... it was perfect timing.

    Something tells me VOGC and Flambeau (me) will have a lot to say about this resource upgrade... New threads inbound eta (SOON).

    This is one of the reasons why I am so confident about the lower sheet, they flowed oil from this depth before with inferior (older) rigs, and older technology and an exploratory design, now we have a better design, newer rigs, and newer technology:
    https://hotcopper.com.au/data/attachments/6055/6055376-461e0f47271bb0ed7a45833eb3852672.jpg
    source: 1 Feb 2022, ASX:MAY, Drilling update at Alameda-1 - Strong oil shows.
    Sherritt produced for 20+years, I suggest you read their quarterlies and how much it cost them to produce and how much they sold the oil for.
    MAY Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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