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5.26% 3.6¢ melbana energy limited

Ann: Alameda-1 Drilling Update, page-123

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  1. Kangaroos67
    3,142 Posts.
    lightbulb Created with Sketch. 1041
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    10/11/21
    08:31
    Post #: 57446752
    It appears the whole section in the upper sheet is full of gas and oil, this will be test by a new well design, this new well will really now be an appraisal well which should attract a high COS
    More mud weight is required to keep this current well under control "Before" we punch into the actual zones of intrest, I'm thinking this announcement has really been missed read.
    Unexpected pressures (much like @ STX W3) means they needed to regroup to control the well, this is a good problem to have
    MAY Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 27  Upvote
    lightbulb Created with Sketch. 2  Great analysis
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