MAY 3.23% 3.0¢ melbana energy limited

Ann: Investor Webinar Presentation, page-83

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  1. 3,495 Posts.
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    i found 3 things out on webinar

    the geology and understanding of what they are shooting for. very clear

    modern seismic to define the whole field - big task but necessary

    and thirdly as with many good discoveries a bit of serendipity in terms of the upper sheet having oil - AND THAT the logging tools failed essentially because of the large diameter hole used in the upper sections to be able to reach the deeper targets which is standard drilling practice. The new hole will use the correct drill stem set up to log the important upper sections - Having started this next hole with lower diameter collar means they will unlikely be able to drill to the lower sections??? AND then the lower sections will be tackled later on with other appraisals i would imagine
 
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