MAY 6.25% 3.0¢ melbana energy limited

Hi mate, if MAY confirm a commercial discovery inline with...

  1. 9,668 Posts.
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    Hi mate, if MAY confirm a commercial discovery inline with initial estimates a long term investment under 10c will be looked back on as great buying. All indications so far are pointing towards a better than expected outcome for this well but it’s still unproven as commercial, there’s still risk attached, hence the 7c share price. There have been some very sensible valuations put up at anywhere from 10-30c for a success case at Alameda-1 …..however, there is plenty of scope for this to increase over time as Block-9 would then become a very valuable piece of real estate. IMO.
 
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3.0¢ 24364 1
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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