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5.5¢ melbana energy limited

PCL one to follow in that area

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27/04/24

10:12

Post #: 73535050
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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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PCL one to follow in that area

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

0 Great analysis

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(20min delay)
Last 5.5¢		Change 0.001(1.85%)		Mkt cap ! $185.3M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.3¢	$95.86K	1.783M

Buyers (Bids)

No.	Vol.	Price($)
1	64900	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	259815	3

View Market Depth

No.	Vol.	Price($)
1	64900	0.053
6	1252814	0.052
3	1054803	0.051
6	571280	0.050
2	200000	0.049

Price($)	Vol.	No.
0.055	259815	3
0.056	284320	3
0.057	230000	2
0.058	406379	3
0.059	254025	3

Last trade - 16.10pm 09/05/2024 (20 minute delay)


Last 5.3¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
5.5¢	5.5¢		5.2¢	624729
Last updated 15.59pm 09/05/2024 ?

MAY (ASX) Chart