MAY 45.9% 3.3¢ melbana energy limited

Countdown to massive oil flow, page-7

  1. 4,603 Posts.
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    What excites me most is that the Alameda drilling, through both A-1 and A-2, has demonstrated oil-filled reservoirs, with multiple seals, and NO water yet intercepted, over 2 KMS of depth! Clearly that translates to a huge oil resource, of which 30% is held by MAY, and yet MAY remains the operator.
    A-3 is likely to add considerably to that known resource. With McDaniels post A-2 report due to update (and push up appreciably) the identified resources.

    AND there remains at LEAST another 21 targets on Block 9, which with 3-D seismic eventually to be carried out, is more than likely to add considerable oil resources to the total inventory.

    And ALL onshore!

    In a jurisdiction not bound by the bureaucratic nightmare that is typically Australian.

    If MAY fails to get to a mkt cap of at least $1 billion (for starters, equivalent share price ~$0.30) in the next few months there will have been a lot of successful manipulation.

    A-3 is due to spud within the next 2 weeks, my guess is an announcement on Tues 12th Dec of its commencement. By getting set before then means investors have got in at this IMO highly discounted price.
 
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Last
3.3¢
Change
-0.028(45.9%)
Mkt cap ! $111.2M
Open High Low Value Volume
6.1¢ 6.3¢ 3.2¢ $3.849M 101.0M

Buyers (Bids)

No. Vol. Price($)
17 3966517 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 1034998 2
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