MAY
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3.23% 3.0¢ melbana energy limited

Ann: Cuba Block 9 Farmout, page-16

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  1. AustinNZ
    1,950 Posts.
    lightbulb Created with Sketch. 21
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    08/10/18
    12:04
    Post #: 36034681
    How do you calculate "Profit Oil". Is this going to occur after you recover all development costs? It may take a few years before MAY receives any "Profit" in the case of any successful exploration. In any event, the market has so far seen this deal as neutral to the SP.

    ANZ
    MAY Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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3.0¢ 		Change
-0.001(3.23%) 		Mkt cap ! $94.36M
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3.0¢ 3.0¢ 2.9¢ $98.24K 3.284M

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3.1¢ 181225 2
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