MAY
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0.00% 3.0¢ melbana energy limited

May Chart, page-2312

  1. DJP1806
    726 Posts.
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    06/09/22
    14:28
    Post #: 63544867
    Nobody seriously expects Zapato to not be a hit. But the level of reserves doesn't matter until they prove any is actually recoverable. They are months behind on flow testing. Given high pressure, skip flow testing and just go straight to production is my view - the oil is worth zero in the ground.
    MAY Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.0¢ 		Change
0.000(0.00%) 		Mkt cap ! $101.1M
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