MAY 3.13% 3.1¢ melbana energy limited

General discussion, page-215

  1. 1,129 Posts.
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    Just incase you didn't know MAY owns only 30% of the project

    And there are risks involved in appraisal drilling too

    Here is a recent example: Genel Energy's appraisal well fails to achieve 'stable and sustained' commercial flow
    https://www.sharecast.com/news/news-and-announcements/genel-energys-appraisal-well-fails-to-achieve-stable-and-sustained-commercial-flow--9747274.html

    Oil producer Genel Energy said on Tuesday that testing of its Sarta-5 appraisal well was now complete and noted that
    while oil was recovered to the surface from a number of intervals, a stable and sustained commercial flow was not achieved from the primary reservoir objectives of the Mus and Adaiyah formations nor the secondary Lower Sargalu or Najmah formations.
 
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