MAY
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3.23% 3.0¢ melbana energy limited

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  1. Flambeau
    6,591 Posts.
    lightbulb Created with Sketch. 2490
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    11/07/24
    15:48
    Post #: 74711108
    Your math has problems:

    https://hotcopper.com.au/data/attachments/6304/6304970-563aae94e223dafe01b9fb1eb008dfa6.jpg
    Then you need to think about 300barrels/day lol... 8x (wells) 300bbl/d = 2400barrels/day.

    Basically what you need to do is redo your calculation, then divide the share price in half again... Then you need to pretend they can get 3,135barrels per day instead of 7-8wells at 300/day each...
    MAY Price at posting: 2.2¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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