Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

5.66%

5.0¢ melbana energy limited

Smart response. Any idea when the Webinar is af?

First 223 Last

Share
Profile

Follow
Kit67

7,388 Posts.

764

28/03/24

20:52

Post #: 73112570
Share

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

Expand

Smart response.

Any idea when the Webinar is af?

MAY Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 231 more messages in this thread...

First 223 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 5.0¢		Change -0.003(5.66%)		Mkt cap ! $168.5M

Open	High	Low	Value	Volume
5.3¢	5.3¢	4.8¢	$412.2K	8.234M

Buyers (Bids)

No.	Vol.	Price($)
3	102020	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	434833	1

View Market Depth

No.	Vol.	Price($)
3	102020	0.049
12	1394562	0.048
8	1662600	0.047
5	388111	0.046
3	610225	0.045

Price($)	Vol.	No.
0.051	434833	1
0.052	316930	4
0.053	278602	3
0.054	704203	3
0.055	291142	5

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last 5.0¢			Change -0.003 ( 3.85 %)
Open	High		Low	Volume
5.2¢	5.2¢		4.8¢	2279268
Last updated 15.56pm 13/05/2024 ?

MAY (ASX) Chart

SPONSORED BY