MAY melbana energy limited
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Ann: Block 9 - Maiden Contingent Resources, page-91

  1. In Da Hood
    2,164 Posts.
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    25/03/24
    14:48
    Post #: 73045370
    It's almost gobsmacking that such a large reserve upgrade barely moves the dial. This hit 20 cents years ago and now trading sideways. It does really look like the production and sales/ quarterlies is going to be what moves the price.

    I mean saying they going to start getting that 48mmbo of higher quality oil shipping before the end of 2024 means there should be a decent re-rate as they transition towards that timeline imo.
    MAY Price at posting: 6.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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