MAY 5.26% 3.6¢ melbana energy limited

Ann: Alameda-3 Drilling Update, page-18

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  1. 3,633 Posts.
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    kangaroos67,

    If the kicks are enough to do this then it's probably at or close to 10kpsi, also not to mention that the images look rather light and that stuck assembly issues are a result of pressure drive via fracture networks. We have a very fractured reservoir probably into the vuggy (cavernous) category.

    I'm going to say that we are looking at a significant upgrade in net/gross. Hopefully we get more images on LinkedIn as is the pattern recently.

    I think we are looking at probably drilling recommencing mid next week with another 2-4 weeks to complete the remaining 200 metres.

    best of luck holders
 
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