MAY 9.09% 2.0¢ melbana energy limited

The company confirmed that A3 transects Unit 1B, similar to A2....

  1. 7,767 Posts.
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    The company confirmed that A3 transects Unit 1B, similar to A2. If Alameda and Marti don't flow (even without lift), then A3 can become the second access point for the upper sheets. Two nodding donkeys on the pad and you would easily surpass 5k bopd. Don't forget that the McDaniel upgrade for U1A will also be available shortly, boosting reserve numbers further.

    Not sure how any reasonable person can come up with $90mm as a market cap for MAY. Pure downramp when viewed in context with what we already know and what has been confirmed.

    Regards
    Kit
 
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