MAY 4.17% 2.3¢ melbana energy limited

Ann: Total depth reached at Zapato-1ST, page-288

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    anyone able to fact to my calcs here.

    362mil barrels of prospective resource in place.

    @ $80 per barrel - roughly $20 per barrel in production costs = $21.72bil

    MAY having 30% share = $6.5bil

    if my woking is correct, even without zap, which may or may not eventuate in the future.

    $200mil mc with a resource worth potentially $6.5bil, at only a 5% recovery rate.
 
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