There's no way MEL and VEN can stay at these levels for much longer.
As it is they should be double.
3 wells cased for production with a 4th (hopefully) coming within the next few weeks.
Each well targetting around 4200gj/day (4mmscfd) leading into a gas shortage... Should be fetching $5/gj.
$63,000 a day (for 100%, around $15k for MEL and $30k for VEN).
It's probably a little lower than that because the Odin JV isn't 25/25/50, but you get the idea.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.581M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $12.46K | 5.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11713008 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10212025 | 11 |
View Market Depth
| Last trade - 15.40pm 24/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |