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3.8¢ melbana energy limited

Ann: Webinar - Block 9 Field Development Plan, page-58

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nastyG

6,335 Posts.

1213

09/07/24

19:38

Post #: 74678568
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Originally posted by justinmetals: ↑

I’m more bullish now.

Production out of unit 1B - it’s go time.

I hope 80% more of the A2 1B net pay zone will be perforated. And there will be some kind of wash/frack ready. They’ve have had 4-5 months to organise acid treatments/ frac job too so I wouldn’t be surprised to see a contract for these services to kick off in weeks. Another one or two wells would also be pencilled in as promised and therefore 5000 bops should still easily be on the cards. However, it won’t be until we can show this sustained production capability that an offtake agreement will be signed, so more likely towards the end of the year.

on top of the above positives, I’d imagine they have formulated solutions to unlock the potential of alameda and Marti and rough timeframes will be laid out. In addition they may even express hope that A3 might possibly heal itself with a little maintenance intervention, assistance and time.

Looking forward to this webinar.

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promise not to have a public meltdown afterwards?

MAY Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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Last 3.8¢		Change 0.002(5.56%)		Mkt cap ! $128.0M

Open	High	Low	Value	Volume
3.6¢	3.8¢	3.5¢	$229.8K	6.529M

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No.	Vol.	Price($)
3	289110	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	380674	3

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No.	Vol.	Price($)
3	289110	0.035
11	873487	0.034
6	1467200	0.033
3	706250	0.032
7	899800	0.031

Price($)	Vol.	No.
0.038	380674	3
0.039	691438	5
0.040	954244	6
0.041	417175	3
0.042	500000	1

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