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No Ordinary Duck
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Another blast through
Yes very impressive
Yes very impressive
MAY - Melbana Energy
- Thread starter CanOz
- Start date
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Another big week for Melbana coming up. Based on my FA 20c looks good this month some time. Am I the only one riding this puppy?
bigdog
Retired many years ago
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I have held Melbana for several years and now enjoying being a holder!
bigdog
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bigdog
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Won’t trade today mate
bigdog
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Still in trading halt and Half-year Financial Report - 31 December 31 2021 now issued
Melbana Energy Limited
Directors' report
31 December 2021
The Directors present their report, together with the financial statements, on the Consolidated Entity consisting of Melbana
Energy Limited (referred to hereafter as the 'Company' or 'Parent Entity') and the entities it controlled at the end of, or during,
the half-year ended 31 December 2021.
Directors
The following persons were Directors of Melbana Energy Limited during the whole of the financial half-year and up to the
date of this report, unless otherwise stated:
Andrew Purcell (Executive Chairman)
Michael Sandy (Non-Executive Director)
Peter Stickland (Non-Executive Technical Director)
Principal activities
The principal activities during the half-year of the Consolidated Entity were oil and gas exploration in Cuba and Australia
together with development concepts for the Tassie Shoal Methanol Project and LNG Project.
Dividends
There were no dividends paid, recommended or declared during the current or previous financial half-year.
Review of operations
The income for the Consolidated Entity after providing for income tax amounted to $9,492,839 (31 December 2020: loss of
$136,488).
CUBA
Block 9 (Melbana 30%, Operator)
During the current reporting period, Melbana reached the following milestones in relation to its Cuban Block 9 drilling
program:
● Drilling of the Alameda-1 exploration well, the first of two exploration wells to be drilled within the Block 9 contract area,
commenced in September 2021.
● Oil shows were reported over a 670 metre interval to about 1,130 metres, which the Company announced in October
2021 to contain at least 48 net metres of potential oil and gas pay.
Subsequent to the end of the reporting period, in February 2022 the Company reported the existence of strong oil shows
accompanied by elevated gas readings over an interval of 500 metres measured depth (mMD)/450 metres true vertical
depth (mTVD) to about 3,590 mMD/3,420 mTVD in the N structure. Later that month the Company announced it estimated
there to be about 100 mMD/88 mTVD of net hydrocarbon pay in this interval.
Also subsequent to the end of the reporting period, the Company announced on 3 March 2022 and again on 9 March 2022
that strong oil and gas shows had been encountered in the I Structure – the first primary target of the first exploration well.
$19.9 million in the bank
Melbana Energy Limited
Directors' report
31 December 2021
The Directors present their report, together with the financial statements, on the Consolidated Entity consisting of Melbana
Energy Limited (referred to hereafter as the 'Company' or 'Parent Entity') and the entities it controlled at the end of, or during,
the half-year ended 31 December 2021.
Directors
The following persons were Directors of Melbana Energy Limited during the whole of the financial half-year and up to the
date of this report, unless otherwise stated:
Andrew Purcell (Executive Chairman)
Michael Sandy (Non-Executive Director)
Peter Stickland (Non-Executive Technical Director)
Principal activities
The principal activities during the half-year of the Consolidated Entity were oil and gas exploration in Cuba and Australia
together with development concepts for the Tassie Shoal Methanol Project and LNG Project.
Dividends
There were no dividends paid, recommended or declared during the current or previous financial half-year.
Review of operations
The income for the Consolidated Entity after providing for income tax amounted to $9,492,839 (31 December 2020: loss of
$136,488).
CUBA
Block 9 (Melbana 30%, Operator)
During the current reporting period, Melbana reached the following milestones in relation to its Cuban Block 9 drilling
program:
● Drilling of the Alameda-1 exploration well, the first of two exploration wells to be drilled within the Block 9 contract area,
commenced in September 2021.
● Oil shows were reported over a 670 metre interval to about 1,130 metres, which the Company announced in October
2021 to contain at least 48 net metres of potential oil and gas pay.
Subsequent to the end of the reporting period, in February 2022 the Company reported the existence of strong oil shows
accompanied by elevated gas readings over an interval of 500 metres measured depth (mMD)/450 metres true vertical
depth (mTVD) to about 3,590 mMD/3,420 mTVD in the N structure. Later that month the Company announced it estimated
there to be about 100 mMD/88 mTVD of net hydrocarbon pay in this interval.
Also subsequent to the end of the reporting period, the Company announced on 3 March 2022 and again on 9 March 2022
that strong oil and gas shows had been encountered in the I Structure – the first primary target of the first exploration well.
$19.9 million in the bank
bigdog
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ASX Announcement today to raise $15 million and now trading
tech/a
No Ordinary Duck
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WOW.
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Hello Christmas
tech/a
No Ordinary Duck
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So where do you think it can get to?
Interested in how you’ll play this
Interested in how you’ll play this
- Joined
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Now that the prize is in the kit bag it looks like a takeover will happen. Holding for anything between 50-70c. Its risen so quick because it is a globally significant discovery, as stated today. Got lucky on this one, lucky I didn’t throw my 4 bricks out the window thats for sure. This stock has literally turned my life on its head.
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The tax man is gonna love you then.... thieving mongrels, how dare they. They don't take any risk, but collect nearly half the rewards. ?
tech/a
No Ordinary Duck
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I love hearing success stories like this and I’m sure if it gets to 50-70 c it could be life changing for you.
You recognised opportunity knew what you should do and took advantage of it.
There is a good dose of right place right time thrown in and that’s what makes life changing opportunity become life changing.
I sense you bought you 400k very cheaply so have a huge buffer able to withstand the initial pullback to 5.5c Now at $4000 a cent the head dynamics can play a part.
I really hope it gets to your targets. Congrats.
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I think it may actually be around $80k per cent tick, if my observations of the way Swervin operates are typical to this stock also.
I guess the definition of "what is a brick"? is the unknown measure. ?
tech/a
No Ordinary Duck
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Brick my understanding is 100,000
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My understanding also.
So if one was a gambler, and dropped a brick on a horse...
Talking $ , not volume, is my point. So tick value, freakin huge.
?
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Sorry guys 1 brick = 1 million shares
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Swervin, you are breaking all known conventions... ?
$20 large per tick.... that takes some kahunas
$20 large per tick.... that takes some kahunas
