MAY melbana energy limited

Ann: Notification regarding unquoted securities - MAY, page-198

  1. 353 Posts.
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    Hi Deus,

    Your assumption is correct the vertical richness factor is net to MAY re: "I am assuming his vertical richness factor is net to MAY's figures."
    I've reposted below my 16/10/23 Post which is more focused on the Amistad's Resource potential.

    A few additional points:
    1. Post Unit 1B flow tests, I'm more confident in a Recovery Factor increase to something in the +10% range for this Unit.
    2. I think the oil saturation factor (So) will increase my vertical richness factor as this with poor quality logs would have been likely hit hard by the Certifiers.
    3. Even though earlier Resource update increases did not result in any re-rating for the share price, Unit 1B's successful flow test and the further the JV are currently along the path to development should, hopefully, produce something of a re-rating on a material resource increase from McDaniel. Obviously, the current drilling is going to be something of an overhang to the share price until the DSTs are complete.

    GLTAH
    Cheers
    VOGC

    https://hotcopper.com.au/data/attachments/5945/5945931-d75a0d811bf76d097113d2a22ef019d5.jpg


    https://hotcopper.com.au/data/attachments/5945/5945934-f50372b6ff5be2294f14e57c69cc4fde.jpg


    https://hotcopper.com.au/data/attachments/5945/5945935-2d9cceb58eab7d2608a815c6676332ea.jpg


    https://hotcopper.com.au/data/attachments/5945/5945936-7edaf66230db46d751236a9618247784.jpg
 
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2.4¢
Change
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Mkt cap ! $80.88M
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Price($) Vol. No.
2.5¢ 1967771 11
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