MAY 3.23% 3.0¢ melbana energy limited

Ann: Zapato-1 Drilling Update, page-234

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  1. 1,826 Posts.
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    Not necessarily. Assuming an in-situ of $15/bbl for the Amistad oil only (assuming quick, cheap wells to drill), that 35 million barrels net to MAY is $525 million.

    This doesn't account for expanded net pay, nor account for above a 5% recovery factor

    Nor account for Anything found at Alameda, Marti or Zapato
 
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