Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

18.2%

3.9¢ melbana energy limited

Oh and I enjoy your down to earth realism posts as well.All...

First 9 Last

Share
Profile

Follow
Spitfire

579 Posts.

246

10/10/18

17:49

Post #: 36072572
Share

Originally posted by Spitfire: ↑

LAF,
No arrogance intended..however the OP outlined a base scenario on success over the field and pricing the reservoir ( of course that is not proven ) however they were based on pretty low numbers tbh and he actually could have gone to a mid case range to demonstrate his numbers , he didn’t .., you replied with your case scenario on success however , the whole crux of this deal, is not based on one well from the whole of block 9 , which you based your success case on.
if we are only ever going to produce out of one well , then of course his numbers are out and your numbers come closer.
however that is not what the JV here is about..
No need to comment on the finalisation of the sign off, all my words and I think the OPs were typed on the basis that this would be signed off as clearly outlined by the company, .. if it’s not, then yes.... no need to write about the impact there..
We are here to primarily discuss success are we not ...
That is all.

Expand

Oh and I enjoy your down to earth realism posts as well.
All needed for healthy debate.
once again if I sounded arrogant, please excuse, it was not intended..
cheers.

MAY Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ZNO

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

HAW

Hastings progressing Yangibana to production with lower costs

TI1

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The iron ore comeback: Can it last?

There are more pages in this discussion • 19 more messages in this thread...

First 9 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 3.9¢		Change 0.006(18.2%)		Mkt cap ! $94.36M

Open	High	Low	Value	Volume
3.3¢	4.1¢	3.3¢	$502.2K	13.53M

Buyers (Bids)

No.	Vol.	Price($)
1	20000	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	1589482	5

View Market Depth

No.	Vol.	Price($)
1	521231	0.015
16	2557462	0.014
6	2982000	0.013
4	3395000	0.012
4	3627788	0.011

Price($)	Vol.	No.
0.016	2684672	5
0.017	3796014	6
0.018	2684231	5
0.019	6240315	9
0.020	1582500	7

Last trade - 16.10pm 30/09/2024 (20 minute delay)

MAY (ASX) Chart