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3.2¢ melbana energy limited

MAY Train pulling in at 9.5cents to refuel then express to 14.2 cents, page-372

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Smiteoff

552 Posts.

228

11/03/22

09:44

Post #: 60131113
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Originally posted by woody1955: ↑

This is a waiting game now. We no we have oil. How much we'd only be guessing. There could be a billion barrels there could be 11 billion barrels. You can't value the company at present it could go to 20c 50c or North of a dollar. All we no is it's going up from here. We have 30 percent and retain control. The next well, is the one that interest me more. These large gravity fluctuations there talking about are rare and usually associated with large volumes of liquid. We have 30 percent of that one. Now this is a huge lease we have and it's guit possible that eventually there could be up to six wells . Anything after the first two we'd be free to negotiate or possibly go it alone only time will tell if we have the funds which it's starting to look like we'll have. All this is possible if we don't get swallowed up by one of the oil giants which is very likely. What ever happens it could be a very good year for our pockets. Here's hoping.

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Try to avoid posting any kind of advice or predictions, while not understanding the difference between 'no' and 'know'

And no we arent 'free to negotiate or go it alone anything past the first 2 wells'

We are in a contract that gives us 30% of any well drilled in block 9

MAY Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $107.8M

Open	High	Low	Value	Volume
3.0¢	3.2¢	3.0¢	$61.1K	1.976M

Buyers (Bids)

No.	Vol.	Price($)
2	75867	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	803885	7

View Market Depth

No.	Vol.	Price($)
2	75867	0.031
11	2620036	0.030
16	1508439	0.029
7	2907858	0.028
6	1364740	0.027

Price($)	Vol.	No.
0.032	803885	7
0.033	549037	7
0.034	1028000	3
0.035	1040266	2
0.037	177812	3

Last trade - 16.10pm 13/11/2024 (20 minute delay)

MAY (ASX) Chart