MAY 5.26% 3.6¢ melbana energy limited

Ann: Alameda-1 Drilling Update, page-18

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  1. 3,142 Posts.
    lightbulb Created with Sketch. 1041
    Couldn't get logs on the best section of the bore that showed the oil/gas kick, this was due to poor hole conditions.
    They are already planning another well on this pad, I'd assume this is to test this damage section
    IMO they are fully aware that there's a commercial resivour here they just need to design the well to prove it up
    I'd also suggest this well will already produce, how much is the question
    Deeper we go
    This is great news
 
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