MAY 6.67% 3.2¢ melbana energy limited

lol you do understand even with A2 flowing your getting no money...

  1. 10,189 Posts.
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    lol you do understand even with A2 flowing your getting no money and need horizontal wells to flow and you need a ton of them

    A3 is heavy oil and using simple common sense if your flowing heavy thick oil 4km up to surface the flow rate will be poor and again you will have difficulty just like A2 selling it internationally

    If MAY had a better product then I would say it’s heavily undervalued but the fundamentals from last drill proved the fact that flow rates are poor because of how thick the product is

    The individuals pumping this in the past week are all the day traders that set themselves at 6.5-7 cents and will exit before flow because they know what’s coming
    Last edited by Roch2077: 06/12/23
 
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