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7.14%

3.0¢ melbana energy limited

What do you think is a good selling point in your opinion? I'm...

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Bagbagm

2 Posts.

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21/03/22

15:02

Post #: 60320535
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Originally posted by The Mechanic: ↑

Every stock that is on the way up has corrections along the way as it consolidates its gains, these correction have happened numerous time since MAY started its bull run from 2.2c to the recent high of 21.5c and will continue to do so as MAY'S value continues to rise. Over the next few weeks we will be getting logging test results and flow test results which will should be exceptional with what we have seen so far, all the expert posters indicate that should be the case. IMO it appears that the Alameda well should have a combined 350-500 million barrels of Prospective Resource from all 3 oil structures, MAY's share will be 30% of that 105-150 million barrels. Its also likely that MAY in several weeks will be an oil producer maybe even sooner with the Alameda well producing at least 10,000 bopd, flow test will confirm this. In six months down the track MAY could have 5-10 producing wells at 50,000bopd. At these current levels they are ridiculously cheap and months later we will be saying we should have bought more.

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What do you think is a good selling point in your opinion? I'm in at 2.5 cents and was thinking ~30-40 cents. Keen to hear what you guys think too

MAY Price at posting: 15.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.002(7.14%)		Mkt cap ! $101.1M

Open	High	Low	Value	Volume
2.9¢	3.1¢	2.8¢	$279.0K	9.416M

Buyers (Bids)

No.	Vol.	Price($)
10	2296638	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	129004	1

View Market Depth

No.	Vol.	Price($)
10	2296638	0.029
20	3252827	0.028
10	1328817	0.027
8	1693577	0.026
12	2001000	0.025

Price($)	Vol.	No.
0.030	129004	1
0.031	795395	7
0.032	514735	6
0.033	1262468	4
0.034	980561	6

Last trade - 16.10pm 03/07/2024 (20 minute delay)

MAY (ASX) Chart

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