MAY melbana energy limited
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NO - there is sufficient cash on hand to fund another 3.25...

  1. avthold04
    1,587 Posts.
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    28/04/25
    15:31
    Post #: 78826326
    NO - there is sufficient cash on hand to fund another 3.25 quarters (that is Jan 31, 2026) without any revenue (management fees or oil sales)

    Assuming they can produce 2500 bpd from the 3 wells then Melbana's share is conservatively is 750 bpd x USD60 = $4.5m per quarter or $16m pa.

    If the next 2 wells are dry?? then they will need to raise finance or CR.
    MAY Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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Last
2.3¢ 		Change
0.001(4.55%) 		Mkt cap ! $74.14M
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2.2¢ 2.3¢ 2.2¢ $46.14K 2.092M

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No. Vol. Price($)
2 932221 2.2¢
 

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Price($) Vol. No.
2.3¢ 305900 4
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Last trade - 13.09pm 31/07/2025 (20 minute delay) ?
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