MAY 4.35% 2.2¢ melbana energy limited

First Oil Production, page-112

  1. 2,164 Posts.
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    It had an estimated what 2.8bn barrels in place with net pay being higher than expected it could easily be 4-5bn barrels oil in place we'd still need a recovery factor of 20% rather than the 5% average for Cuba to get to 1bn however but regardless if it is 500m or 1bn it's an elephant.

    88e was $750m on the hopes of maybe 600mmbo in Alaska as well which is a pain to deliver anywhere, in the current energy climate we should eclipse that market cap easy imo once all is revealed.
 
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