Hi Cara, No concerns from me yet. There are six zones to be assessed from an individual zonal, contribution perspective using the production logs and reservoir pressures. The analysis of the data will take time and VEN and MEL must ensure they have reliable and meaningful production information in order to make the FID decision on Vali-1; important stuff. The JVP are wise to not release to the ASX prematurely and I think they handled to short flow back with gas to surface and flaring from the two deeper zones well, by making it abundantly clear that flow rates could not be estimated given the short period.
Kind regards OldGeo.
MEL Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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