MAY 3.57% 2.7¢ melbana energy limited

May Chart, page-3837

  1. 9,811 Posts.
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    Let me get this right then, seeing as how I’m just “down ramping” and clearly don’t understand the intricacies of all this as well as you do.

    What you’re saying is, with the upcoming appraisal program, MAY will be getting a 30% share of 267 million barrels that will be produced from the two wells. After these two wells are completed, further wells will be producing from the remaining 5.8 billion barrels, of which MAY will be getting a 70% share of? Is this correct? Sorry I’m a bit of a newbie with this stuff and would appreciate some clarification. Cheers.
 
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