MAY melbana energy limited

Ann: Cuba, Block 9 PSC Update on Alameda 2 appraisal well, page-533

  1. 19,072 Posts.
    lightbulb Created with Sketch. 2666
    Good day afawcett,

    I am watching this. Only has 50,000 shares (not material) at the moment.

    No doubt there is potential for MAY here. And no doubt, during flow testing, they will probably collect some 5,000 barrels, but that won't be material - and even if there was a sharing arrangement, it will only be enough to pay the crew for a few days of work.

    I am more interested in the results of this appraisal program. I will wait until then.

    And I don't doubt the Cuban Gov will give the green light, if its good.

    But I suspect they will be like the Timor Leste Gov - and they will drive a hard bargain (note, this is just my opinion, I have no evidence to substantiate this).

    Btw, the other one we were both invested, got their NOPSEMA - just the environmental approval to go.

    All the best to you and other holders here. Been a tough few years, lets hope 2023 is good for all.
    Last edited by Cosmoterios: 20/02/23
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $39.98K 1.759M

Buyers (Bids)

No. Vol. Price($)
11 3120380 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 207741 5
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.