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3.2¢ melbana energy limited

Ann: Trading Halt, page-55

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justinmetals

8,029 Posts.

1558

24/08/23

11:02

Post #: 69521683
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Originally posted by In Da Hood ↑

I haven't been paying close attention lately but think was alexeii said zone 3 was minimal pay so 750 barrels per day potential from that is huge. If Zone 2 and 1B have so much more net pay and porosity is in fact 9% versus 5% average for Cuba then it's not impossible to get into the 1000's barrels a day maybe even with the heavy crude and a vertical shaft.

Oil is still the best conversion to money atm or the simplest almost like a resources money printing press. $86 a barrel for the Venezuelan crude will do me especially when it's onshore. They are going to take 6 months to drill alameda 3 it's a deep well with a lot of pressure clearly. Hopefully they man up and get a second project going for the Amistad concurrently.

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Totally agree except hopefully A3 TD will be reached in 3-4 months max.

The month or two of testing thereafter will be mental!! Headlining all the oil rags the world over!!

MAY Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $107.8M

Open	High	Low	Value	Volume
3.0¢	3.2¢	3.0¢	$61.1K	1.976M

Buyers (Bids)

No.	Vol.	Price($)
2	75867	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	803885	7

View Market Depth

No.	Vol.	Price($)
2	75867	0.031
11	2620036	0.030
16	1508439	0.029
7	2907858	0.028
6	1364740	0.027

Price($)	Vol.	No.
0.032	803885	7
0.033	549037	7
0.034	1028000	3
0.035	1040266	2
0.037	177812	3

Last trade - 16.10pm 13/11/2024 (20 minute delay)

MAY (ASX) Chart