MAY 4.35% 2.2¢ melbana energy limited

Ann: Alameda 2 First Production Results, page-103

  1. 423 Posts.
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    First of all congrats to all the holders knew MAY would be a Winner !

    Best take from the update is the following:

    What we have found istypical of the quality of crude found in Cuba at shallow depths but having it flow to surfaceunassisted from a depth of about 500 meters exceeded our expectations. Given thissignificant interval of oil rich fractured carbonate it will now need to be factored into potentialfield development planning once we have completed testing Units 1B, 2 and 3 - the deepertargets for Alameda-2 which we regard as more prospective.

    AS i am no expert on drilling! except at the dentist! I assume by Friday or coming Monday to get down to the lower depths??

 
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