MAY
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5.26% 3.6¢ melbana energy limited

Ann: Quarterly Activities Report and Appendix 5B, page-16

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  1. afawcett
    3,633 Posts.
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    24/10/23
    09:33
    Post #: 70498312
    justinmetals,

    It's interesting timing, but Hess is a partner with Exxon in Guyana and there might be preemptive rights. I wouldn't put it past Exxon to have a look given the 11bbo they have found.

    Either way there is a South American/Caribbean renaissance in the oil/gas patch. Also it's well away from the Middle East and the oil price might shoot up soon.
    MAY Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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