MAY 6.67% 2.8¢ melbana energy limited

Ann: Alameda-1 Significant oil pay defined in Marti structure, page-284

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  1. 3,856 Posts.
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    Hey@Kangaroos67 - I am also keen to see that lower 16m high/over pressure section, and beyond.
    My expectation is that it will require a different drilling rig able to handle the higher pressures, hence that rig will need to be sourced, landed and established. That is cost and time , but MAY has cash in bank, Solangol has financial resources, and both have motivation to spend as this looks like it would be a significant reservoir able to be put into production. Time is not really an issue IMO as MAY will be fully occupied on current well work for a couple weeks then Zapato though to June, so if new higher capacity/pressure drill takes 3 months to be ready to drill Marti in July, then that fits the program. I am not experienced in drilling, so would welcome critical review of my thoughts. Also would this higher pressure/capacity drill be able to then make Marti ready for production?

    Last edited by curiouswon: 08/04/22
 
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