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3.85%

2.5¢ melbana energy limited

Funny old thing that, eh??

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thecone

7,158 Posts.

846

31/07/23

13:08

Post #: 69079249
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Originally posted by Hateful8 ↑

So thats two analyst reports with targets of 21 & 23c hinging off drill news and the company has performance targets of 12 & 19.2c you don't say.

Fundamentally, you'd almost consider that to be a modus operandi for whats hopefully about to begin..

Wonder what AP said in relation?

Accepting that July 5's present excitement & "long way to go" is now past tense, so the statement back then can also be worded as such.

"The 1st appraisal well has (now concluded) with multiple exciting intervals (since tested), and that's (still) before we commence drilling the 2nd appraisal well A-3 later this year.. "

He also says a bit of other stuff about typical quality, flowing to surface from shallow yet significant intervals of oil rich fractured carbonates being factored into potential field development planning upon testing the original & more prospective original targets of 1B, 2 & unit 3.

Both valuations came out after July 5 so maybe they read something the market didn't into AP's statement about factoring in oil rich intervals to field development plans..

Who knows ?

I don't ;-)

nfi me

h8t

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Funny old thing that, eh??

MAY Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.5¢		Change -0.001(3.85%)		Mkt cap ! $84.25M

Open	High	Low	Value	Volume
2.5¢	2.6¢	2.5¢	$4.699K	187.4K

Buyers (Bids)

No.	Vol.	Price($)
8	2529724	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	994133	6

View Market Depth

No.	Vol.	Price($)
8	2529724	0.025
10	1337949	0.024
10	3260328	0.023
15	6328502	0.022
17	1554553	0.021

Price($)	Vol.	No.
0.026	994133	6
0.027	1476611	3
0.028	1605885	11
0.029	2216995	12
0.030	1191818	3

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