Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

0.00%

5.5¢ melbana energy limited

Ann: Operations Update - Encouraging oil shows at Alameda-1, page-230

First 230 Last

Share
Profile

Follow
tolate

10,459 Posts.

937

05/10/21

08:29

Post #: 56561152
Share

Originally posted by bratty: ↑

My understanding from the diagrams in announcements is the first target is at around 1300m then 2nd at 2500m and last at around 2900m.
We cased at 454m and will again at around 2200m then wire log the first section between casings to measure the oil shows and first target. We should have hit the 1st target by now if we are around 1600m-1700m, but they wont stop drilling until the 2nd casing point to examine what they have found.
I could be wrong but that is how I read it.
Everything looking great so far imo, very happy holding options.

Expand

You seem to worked with drilling or rigs
Or in the oil game

cheers

MAY Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 230 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $185.3M

Open	High	Low	Value	Volume
5.6¢	5.6¢	5.3¢	$55.79K	1.021M

Buyers (Bids)

No.	Vol.	Price($)
6	230985	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	166640	4

View Market Depth

No.	Vol.	Price($)
4	200795	0.053
6	628846	0.052
5	1083153	0.051
5	459780	0.050
3	215003	0.049

Price($)	Vol.	No.
0.055	166640	4
0.056	574320	5
0.057	345000	4
0.058	1356379	5
0.059	254025	3

Last trade - 10.50am 07/05/2024 (20 minute delay)


Last 5.5¢			Change 0.000 ( 1.85 %)
Open	High		Low	Volume
5.5¢	5.5¢		5.4¢	300428
Last updated 10.56am 07/05/2024 ?

MAY (ASX) Chart

SPONSORED BY