MAY 0.00% 2.0¢ melbana energy limited

Cuba Block 9: Operations Update 31 May 2024, page-429

  1. 7,882 Posts.
    lightbulb Created with Sketch. 1524
    Financing for the pipeline is hardly an issue. It will have a payback of less than 12 months. Anyway, we will know soon and all I can say is 12000 psi is a lot of pressure and can easily overcome 20L/s up a 4” production tube (for 10k bpd). Provided the oil flows gently into the slotted liner over a large net interval huge flow rates should be possible for sustained periods without clogging it up with carbonate fines. We’ll know soon enough. I’m just guessing here.

    Regarding the pipe, I mean for example I have been screaming for a Perth basin to Moomba pipeline for years. 5B bucks well spent if you ask me for sensational piece of nation building infrastructure. Half a day of lockdown would cost the nation as much….

    Another observation for the energy conscious, Just the other day driving from VIC to SA I saw over 50 huge windmills and not one of them was spinning. You could light a fart and it would have produced more power. Renewables are not the solution merely a small component.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $67.40M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $37.57K 1.856M

Buyers (Bids)

No. Vol. Price($)
37 11509043 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1523856 5
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.