Ann: Successful $15m Placement to drive Block 9 Forward, page-69

Development plans can’t happen until we know the flow rates and pressure draw down. So they will need extra wells to drill into the structure of the upper sheet to determine the full field parameters.

Add to that the size of the alameda and Marti structures and it becomes clear this is going to be a drawn out process with a few extra wells and probably a dedicated development rig. I would add that I would like to see how big this really is as the seismic line shown doesn’t show. This is one very large play and probably only a handful of people outside the majors and NOC’s have exposure to such projects.

I think melbana should have an investor conference or data room showing in Melbourne, Sydney and Perth. Consider what CVN and Apache did after dorado and create a buzz in the industry. This is an exciting play with a large resource potential.