MAY 6.00% 5.3¢ melbana energy limited

I am not going to make any speculations here...I just did calcs...

  1. 309 Posts.
    lightbulb Created with Sketch. 60
    I am not going to make any speculations here...I just did calcs to show what has been presented in todays announcement.

    To have better understanding of this discovery, wireline logging of just drilled interval needs to be completed to give us insights into the reservoir quality and properties such as porosity, permeability, and oil / gas / water ratio..

    So to speak reservoir with high pressure with low porosity / and no permeability means nothing. The next step now is to understand those key reservoir properties. In event that we have high porosity and permeability will mean that oil can flow to surface like in old school Texas movies....good news!

    Not financial advise, DYOR and the rest..
    Last edited by Dadobajro: 07/02/22
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
0.003(6.00%)
Mkt cap ! $178.6M
Open High Low Value Volume
5.4¢ 5.4¢ 5.0¢ $154.8K 2.985M

Buyers (Bids)

No. Vol. Price($)
1 100000 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 113206 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
5.3¢
  Change
0.003 ( 4.33 %)
Open High Low Volume
5.4¢ 5.4¢ 5.0¢ 1347067
Last updated 15.56pm 03/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.