MAY melbana energy limited

Ann: Quarterly Activities Report and Appendix 5B - 30 June 2024, page-18

  1. 444 Posts.
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    https://hotcopper.com.au/data/attachments/6303/6303793-880f0bd3ea7975e0aaa8e681e3a2fab2.jpg
    "which could contribute to a potential future remediation plan, if the issue is considered most likely due to a treatable formation damage mechanism"

    Looks like MAY themselves arnt even sure it's fixable and that's after talking to experts and having a few weeks to sort it out. Alameda and Marti might be a duster. 1B isn't flowing properly, 1A isn't guaranteed.

    What a disaster. Wish I sold off more at 3.7-3.9c. Can see this slow bleeding to the high 1s over the next few weeks

    1b market cap in 3 years? Lucky to be 200m market cap in 3 years. Don't see any exploration wells happening anytime soon to excite the market and pump the share price up. And revenue from 1b won't be much considering we get 20% of it.
    Last edited by ohmikeyoh: 11/07/24
 
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