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3.70%

2.6¢ melbana energy limited

Wooo Hoooo Go MAY :)$$$$$$$, page-1378

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GODS BROKER

10,182 Posts.

2535

27/04/24

14:18

Post #: 73537187
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Originally posted by afawcett: ↑

Gods broker,

These fan sand bodies offshore Namibia are in deep waters and are expensive to drill and hence have to be large structures in a setting where light oil is likely. So far it's early days in that particular play and a well will cost >USD50m to drill. Its similar in offshore Guyana but more progressed with production.

This is why Cuba is rare as it's onshore outside of opec in a geological setting similar to the Middle East. The potential is huge given that most wells have oil and gas shows in the block. I'd say there could be half a dozen discoveries in the upper sheet that warrant follow up and 3D seismic.

best of luck holders

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That’s why I’m using Galp as a example, MAY in fact has a equal worth in EV and just shows the ST inert potential of our Cuban resource to the Majors on a world scale aFawcett, and the best part is we should know outcomes soon and I’m hoping my recent 5.7,s are cream on my MAY cake $&&&

Bring it on $$$$

Last edited by GODS BROKER: 27/04/24

MAY Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $87.62M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.6¢	$40.62K	1.529M

Buyers (Bids)

No.	Vol.	Price($)
1	318747	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	15000	1

View Market Depth

No.	Vol.	Price($)
1	318747	0.026
9	911058	0.025
10	2149035	0.024
11	2487925	0.023
5	1383637	0.022

Price($)	Vol.	No.
0.029	294071	4
0.030	1280000	6
0.031	442661	2
0.032	1503548	6
0.033	66600	1

Last trade - 16.10pm 17/09/2024 (20 minute delay)

MAY (ASX) Chart