MAY 4.35% 2.2¢ melbana energy limited

Ann: Alameda 2 Drilling Update, page-256

  1. 4,141 Posts.
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    I've re-read the highlight in the previous announcement and believe the market actually misinterpreted it rather than AP giving false impressions which I first thought.

    "Now drilling ahead to the deeper more prospective units to take cores, logs and
    flow and sample the oil in the next interval - Unit 1B"

    He didn't say they were going to flow test Unit 1B but sample the oil in the next interval which they will with the wirelog runs that are now occurring this weekend.

    The first part of this "Now drilling ahead to the deeper more prospective units to take cores, logs and flow" still holds.
 
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