MAY 4.17% 2.3¢ melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-53

  1. 6,778 Posts.
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    I thought that one of the interesting side points in the release is the following;

    "There is an oil column in Unit 1A which is separated by a seal from Unit 1B which has a substantial oil column with a different oil density to that seen in Unit 1A".

    The assumption has always been that 1A is heavy (ish) oil although having fractures and a high net reading suggests its not typical Cuban 5 to 10 API glug.

    That 1B is a different density suggests lighter oil (logically unlikely to be heavier underlying 1A).

    Hopefully this supports the theory that viscosity improves with depth (a pretty common occurrence) so Unit 3 is likely to be highly productive, especially so if there are fractures also in place.

    Good outcome for Cuba and MAY.

    Last edited by rivermore: 04/08/23
 
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