The Melbana Energy Limited $0.86/share Party, page-5

Just for the Amistad, Alameda, and Marti prospects. (not the whole of Block 9).



If you wanted a whole of block 9 analysis, you can read this:


source: 14-Nov-2018 Independent Investment Research – Melbana Energy - Nov 2018 https://www.melbana.com/site/cpfile/39e4c052-c2da-45d1-9d01-74f732835079/IndependentResearchAustPtyLtdMAYFinal181113.pdf

Therefore... if they successfully proved the P50 for all Block 9 prospects, their company could be worth (30% of 15,763), x ~$39.5AUD = $186.8billion which is just too extreme to fathom, and also unlikely (since not every block 9 prospect mentioned in the above table will be able to yield resources) But in an ideal world where everything was successful, this means Melbana with $186b would become bigger than:


https://www.listcorp.com/asx/sectors/energy/energy/oil-gas-consumable-fuels

Needless to say, it could even be more than that considering when they did find hydrocarbons in Amistad/Alameda/Marti it was more than the pre-drill estimates.