MAY 4.35% 2.4¢ melbana energy limited

Ann: Forward work program for Block 9 drilling program, page-226

  1. 3,612 Posts.
    lightbulb Created with Sketch. 1928
    Looking at the announcement there isn’t any new news unfortunately, looks like they are doing further studies on the results. Drilling on to the primary structure.

    I would interpret that the reservoir is mixed quality with some vuggy/fractured sections. It does look like the upper and N sheet are filled to spill given the extent of oil shows. The pressure regime in the N sheet as I’ve speculated may represent a strat trap, if the pressure regime is equal in the N sheet and primary structure it may represent a very substantial discovery. Either way the source rocks are excellent.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.4¢
Change
0.001(4.35%)
Mkt cap ! $80.88M
Open High Low Value Volume
2.3¢ 2.4¢ 2.3¢ $25.39K 1.096M

Buyers (Bids)

No. Vol. Price($)
2 330000 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 1806176 11
View Market Depth
Last trade - 11.54am 29/08/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.