MAY 4.35% 2.2¢ melbana energy limited

I would say that the results so far point to the lower sheet...

  1. 3,602 Posts.
    lightbulb Created with Sketch. 1914
    I would say that the results so far point to the lower sheet being very large (Marti/Alemada). Given that there is only one seismic cross section available in the public domain and that management have implied that the crests are off view of the publicly disclosed information it could be quite a bit larger then what is expected.

    I do expect something north of 1B in combined resources, based on pressure and that the seismic isn’t showing the full extent of the discovery. It could be that multiple prospects are part of the same structure and the amount of reservoir is more then pre drill expectations which bodes well up and down dip.

    If management are saying globally significant then it’s quite possible that 1B is in play or it could even more when compared to other large discoveries with similar pressure and reservoir characteristics.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $19.51K 850.6K

Buyers (Bids)

No. Vol. Price($)
23 4933757 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 3529611 15
View Market Depth
Last trade - 16.10pm 02/08/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.