MAY 6.00% 5.3¢ melbana energy limited

With oil flowing to surface whilst the well is still being...

  1. 543 Posts.
    lightbulb Created with Sketch. 98
    With oil flowing to surface whilst the well is still being drilled says a lot. Remember the issues they had with increasing the mud weight, that was due to the oil and gas they found in the upper column wanting to force the mud out.
    I think the logic goes that when the well is completed and mud removed, oil should flow to the surface but I am not an engineer. Lets see what the company says next.
 
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.