Sounds like the Cap Raise is 12.5mill with 2.5mill Oversub ---@ 12c .... details to be dropped WED .... not sure what my target is now with upper section having so much oil ...
27.5c and I'll add another 10x bagger to the list
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Sounds like the Cap Raise is 12.5mill with 2.5mill Oversub ---@ 12c .... details to be dropped WED .... not sure what my target is now with upper section having so much oil ...
27.5c and I'll add another 10x bagger to the list
Tomorrow could be interesting following on from recent announcements
A few bags here and looking for further :)
My best stock was wbt options
...20x ...but this could eclipse it...up 10x already with this one.
https://twitter.com/melbanaenergy/st...15185647792128
Think we could do better than the 5% thats giving us 119MMbbls. ----( so maybe if lighter oil 200MMbbls ???and thats just first smaller of three oil bearing traps to be tested ...!!!)
Saw that today JB, I’m really looking forward to the next 2 months especially. Think the ride with Melbana will be a string of good news.
Yes it ind of hard to fathom how huge this could be not only for us smart Shareholders HOLDing tight but Cuba as well than imports 50,000bbl oil per day .... MAY in time could be the gap that fills that demand ....
I've done a few numbers on just this well ... and using 600MMbbls = 180MMbbls net to MAY @ only $10 AUD per bbl = 1.8Billion ... even with more capital raised I see 50c+ within next 12months ...and HUGE yield going forward at present prices ...and thats not including any more successive wells in Block-9 which I'm sure there will be
Expected the price to rise today but didn't. From memory, they expect to start producing in May (of all the months they choose may....). I predict the share price will double by May. May I be right.
PAUSE - Pending an announcement :)
And now a TRADING HALT pending announcement on Drilling programme at Block 9
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Bring on hopefully an update to drive SP past 20c !!