MAY
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5.26% 3.6¢ melbana energy limited

Ann: Quarterly Activities Report and Appendix 5B, page-21

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  1. afawcett
    3,633 Posts.
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    24/10/23
    17:11
    Post #: 70511614
    Dues_EX_102,

    I'll also point out that these discoveries in offshore Guyana are only up to 200m thick. So hat we have 615m of highly fractured upper sheet. The upfront costs are substantial offshore also and potentially Marti/Alameda could exceed 10Bbo. The initial development in offshore Guyana has only just started paying profit oil taxes.
    MAY Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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