MAY 9.09% 2.4¢ melbana energy limited

Ann: Alameda 1 Independent Resources Assessment (Alameda Res), page-167

  1. 1,082 Posts.
    lightbulb Created with Sketch. 146
    So the main target had so much pressure they had to stop the hole must be much more than the other two....
    so maybe 500mill total from 10bill OIP and thats 5%
    realistically it is likely 10-14% as its light crude and under pressure.
    So 1bill recoverable oil in this one prospect. OPEX is around $12-15USD/barrel
    This stock should be worth 30c+ on this alone
 
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