Re: 488 BPD x 365 days X USD$65 = $11.5m USD, Melbana share USD$3.4m ($5.5m AUD) - not bad for first well.
Based on those appraisal well numbers, that would put MAY on a PE of approx. 17 annualised
If 2000 BPD as per the flow rate reported then down to a PE of just 4
And that is just from the first "not even production well", so would seem like plenty of room for surprises on the upside - especially given they can apply the learnings as to what works and doesn't
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.88M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.4¢ | $15.94K | 662.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 225684 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1590293 | 10 |
View Market Depth
| Last trade - 15.20pm 16/06/2025 (20 minute delay) ? |
| MAY (ASX) Chart |