MAY melbana energy limited
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Ann: Block 9 - Maiden Contingent Resources, page-76

  1. Kit67
    8,421 Posts.
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    25/03/24
    12:52
    Post #: 73043038
    Its this old chestnut:

    https://hotcopper.com.au/data/attachments/6055/6055736-d1a69c473a158005a741f707cdc3510d.jpg

    Note that MAY, 1B-East has Contingent Resources (Development Pending, with plans for production), and 1B-West has Proepsctive Resources (Prospect, which could be further upgraded via an additional appraisal well). The Evolution Capital valuation of July 2023 only used Prospective Resource numbers, thus it is not just the raw numbers which are significantly higher, it is the quality of those numbers (hence the confidence levels are higher).

    Kit.

    (and yes - I have used a PIIP diagram now an OIP diagram. Potato, tomato etc. Samo-samo on everything else.).
    Last edited by Kit67: 25/03/24
    MAY Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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