Melbana have done very well to secure a minimum 3 well farmout (subject to signed contract) .
They should be credited for having done it in such a way that funding remains on a project basis and they don't have to raise serious amounts of cash which would dilute all other projects .
Ultimately Melbana staff are going to be able to spend more time on other projects and adding new ones to the pipeline .
Ann: Cuba Block 9 Farmout, page-39
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Last
2.2¢ |
Change
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Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
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| MAY (ASX) Chart |