MAY 4.17% 2.3¢ melbana energy limited

ASX:MAY 2024 Discussion Thread, page-9

  1. 10,189 Posts.
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    Lol production sharing hahahahh what offtake agreements have been signed for this production sharing ? Hahahah

    Also you will have 10-15 million in the bank after this well and need another 50-100 million. Getting ready for a cap raise coming unless like IVZ on the flow we have a 3 billion dollar offtake agreement with a cornerstone and then bank investment. MAY doesn’t have anything lined up because the demand isn’t there for this type of oil needing huge processing and on top of that 200 million barrels already appraised and 12 months later not a dollar sold
 
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