MAY
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6.25% 3.0¢ melbana energy limited

Cuba Block 9 Operations Update, 12 March, page-134

  1. jason75
    387 Posts.
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    15/03/24
    21:02
    Post #: 72914470
    I think a few people think, myself included that a bird in the hand is better than 10 chicks and hoping they all grow up to produce eggs.

    If we get to 1bb of oil recoverable then roughly 250mb for us.
    15% IGV v sales price would be $12 so a value of $3b or about 80c.

    Pretty sure most of us older VLTH would be more than happy with that.

    Just my alternate view!
    MAY Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 23  Upvote
    lightbulb Created with Sketch.  Great analysis
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