MAY 11.5% 2.3¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-50

  1. 2,987 Posts.
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    summary.

    • Net pay in Amistad (1, 2 and 3) in Alameda 2 is nearly 6 x greater than that recorded in Alameda 1 (100m v 600m), taking fracture porosity into account, using formation image log data. People can work out what that means for themselves. Its massive.
    • The oil is heavy, but it flows.
    • Unit 1A will need to be pumped (we knew that already).
    • Unit 3 flowed at 750 bbl/day unassisted. 1.5 psi/metre. The flow was controlled by a 2 km water cushion in the tubing (safety measure to prevent uncontrolled flow and formation/well damage). The water cushion was almost displaced (8.5 m3 out of 10 m3 ) by the oil flow into the well.
    • No water flowed into the well from the formation.
    • Unit 1B we dont know, until they test it.
    • Unit 2 we dont know, until they test it (being tested atm).
    • Theyre saying basal (bottom) section of Units 2 and 3 have the most fractures.
    • DSTs taking longer than expected.

    Its like living in a resort serving all you can eat oysters and lobster and champagne ...its 10 am, on my first day. I have a week to go (Alameda -3).
 
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