MAY 4.35% 2.4¢ melbana energy limited

What do you mean my own estimates. They are appraising 388...

  1. 10,189 Posts.
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    What do you mean my own estimates. They are appraising 388 million barrels of oil. Of that 126 million barrels are owned by MAY and that’s being conservative. Like it or not this is the biggest appraisal of oil in more than a decade. This is running like it or not. 15-20 cents is fair value right now with upside of north of 50 cents on appraisal

    Again nothing moves from 6 cents 50 cents in a week or even a month. The rerate has begun and traders dumping at 7 cents wanting to collect at 5.6-6 cents are just getting their refills from idiots. This will keep running through December into January as announcements begin to fall
    Last edited by Roch2077: 15/12/22
 
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