MAY 5.71% 6.6¢ melbana energy limited

I’d like to think they managed to get 3/4 the way down and...

  1. 7,667 Posts.
    lightbulb Created with Sketch. 1428
    I’d like to think they managed to get 3/4 the way down and packers have been set for two out of the three zones and they’ve had to mill and ditch the lowest zone and sidetrack around it with a smaller drill. I’d be happy with an open hole test in Marti, and tests on a couple of the alameda zones. That’s what I was thinking with the squiggles above.

    And I’m sure we will get an update when the next drilling milestone has been achieved (that would fit current MOA with email news) and if taking longer best to assume troubleshooting until the dreaded announcement of plug and abandonment is given.

    No news is good news!!
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
6.6¢
Change
-0.004(5.71%)
Mkt cap ! $222.4M
Open High Low Value Volume
6.9¢ 7.0¢ 6.6¢ $469.2K 6.943M

Buyers (Bids)

No. Vol. Price($)
7 420261 6.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 107500 1
View Market Depth
Last trade - 16.10pm 05/06/2024 (20 minute delay) ?
Last
6.7¢
  Change
-0.004 ( 4.29 %)
Open High Low Volume
6.9¢ 7.0¢ 6.6¢ 2406584
Last updated 15.59pm 05/06/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.