MAY 0.00% 3.0¢ melbana energy limited

Cuba Block 9: Operations Update 31 May 2024, page-136

  1. 10,189 Posts.
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    @Afterblimp Russia lol 250k barrels a day from a well lol hahahah. Now your talking trash

    Firstly Russia oil is light oil with average API of 44 so get your facts right

    For MAY to firstly drill this well and manage to get 2-4K barrels daily they need another 5-6 wells which will be drilled over 4 years because they don’t own their own drill and will take each well 6 months to drill and 6 months to analyse and another 6 months to begin to produce.

    This is a 5-7 year play to even get to 35k barrels a day. Right now it’s a pump for a dump so I’m in.
    Last edited by Roch2077: 02/06/24
 
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