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7.84%

5.5¢ melbana energy limited

Smart response. Any idea when the Webinar is af?

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Kit67

7,449 Posts.

798

28/03/24

20:52

Post #: 73112570
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Originally posted by afawcett: ↑

jason75,

Unfortunately it's annoying that the drilling has been slow going and it's been an ongoing thing in most of the wells drilled in block 9 so far. It shows that the geology is difficult, imagine drilling a hole through fractured strata with pockets of pressure and needing to manage the well so that pressure is equalised between the drilling mud and formation pressures. This would be difficult and the fact is the people working on the rig have to do this knowing their lives are on the line.

As shareholders we accept the risk and that the upside justifies the risk taken. My advice is to ask the question to management on the webinar and to see if Duncan or AP can explain specific drilling conditions better.

Hope you all have a good Easter.

best of luck holders

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Smart response.

Any idea when the Webinar is af?

MAY Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.004(7.84%)		Mkt cap ! $178.6M

Open	High	Low	Value	Volume
5.1¢	5.7¢	5.1¢	$502.9K	9.359M

Buyers (Bids)

No.	Vol.	Price($)
8	802485	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	300000	1

View Market Depth

No.	Vol.	Price($)
8	802485	0.055
2	287279	0.054
8	802488	0.053
7	3267000	0.052
9	1779529	0.051

Price($)	Vol.	No.
0.056	300000	1
0.057	154112	4
0.058	300000	1
0.059	68707	1
0.060	160201	2

Last trade - 15.35pm 28/05/2024 (20 minute delay)


Last 5.6¢			Change 0.004 ( 9.80 %)
Open	High		Low	Volume
5.2¢	5.6¢		5.2¢	2829213
Last updated 15.58pm 28/05/2024 ?

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