MAY 1.67% 3.1¢ melbana energy limited

Ann: Total depth reached at Zapato-1ST, page-301

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,480 Posts.
    lightbulb Created with Sketch. 497
    i think it was a business decision cuba need there own oil supply ,they know Alameda has oil and sounds like alot ,they got to t/d on zap as planned 7 months late ,they now know what down that far ,if there were any oil shows that will tell them what they need to know , the last 200m was more fractured than expected so if oil was in zapato you would think oil would show in this area due to the fracturing , the logs will tell us this , sound like they ran the wire logs twice to check the data
    the well was still within the ophiolitic sequence at the target total depth and velocity data from the first logging run confirmed that the original reservoir target defined on seismic had been tested,

    so we sit wait for the logs ,they only suspended zapato ,not pluged and abandoned usually means they will return and retest or drill deeper


 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
3.1¢
Change
0.001(1.67%)
Mkt cap ! $101.1M
Open High Low Value Volume
3.1¢ 3.1¢ 3.1¢ $1.662K 54K

Buyers (Bids)

No. Vol. Price($)
9 2080419 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 667650 6
View Market Depth
Last trade - 10.26am 08/11/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.