Hey guys,
The next 3-4 weeks are going to be very exciting times with discovery already called. But in summary:
1. Is there oil already discovered - Yes (already discovered)
2. Is there going to be massive kicks and pressure -Yes (already kicked)
3. Is the success rate the highest of any company in past 4 years - Yes
4. Is MAY heavily derisked compared to IVZ and 88e - yes
5. Is this the largest appraisal of oil in more than a decade onshore - Yes
6. Is fair value 15-20 cents before appraisal peer to peer - yes
7. Is the conservative barrels 126 million barrels which management have already suggested to be 5-10 times larger worth a 1.5 billion market cap in appraisal- Yes
8. Production to start after appraisal- Yes
Share price 8.3 cents 260 million market cap with 40 million in cash lol rubbish valuation and fair value before appraisal should be 15-20 cents and north of 50 cents on appraisal![]()
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MAY
melbana energy limited
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8.33%
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2.6¢

Hey guys,The next 3-4 weeks are going to be very exciting times...
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Last
2.6¢ |
Change
0.002(8.33%) |
Mkt cap ! $87.62M |
Open | High | Low | Value | Volume |
2.4¢ | 2.6¢ | 2.3¢ | $70.57K | 2.958M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 183567 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 170778 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 183567 | 0.025 |
1 | 416666 | 0.024 |
2 | 581982 | 0.023 |
5 | 1082970 | 0.022 |
4 | 613000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 170778 | 7 |
0.027 | 181540 | 2 |
0.028 | 100000 | 1 |
0.029 | 166666 | 1 |
0.030 | 1472425 | 6 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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