MAY melbana energy limited

8.33%

2.6¢

Ann: Block 9 Alameda 2 Increase in Net Pay, page-109

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justinmetals

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04/08/23

11:01

Post #: 69156022
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Originally posted by alexei ii ↑

Not much more to say @Freddieflintoff We've been harping on about it for ages. As expected...

68670065

Have a look at item 2 in the screenshot below. Net to gross in fractured rock. Log porosity picks up whats in the well bore. Fractures extend well beyond the well bore. When they say 500m gross...im thinking good chance most of it will be pay. Fracture aperture could provide macro pores - a macro pore is like a pipe. Significant in terms of storage (OIP) and flow potential.

For those asking what this does to the McDaniel resource numbers for the Amistad - rough numbers = x5 to x10 and add a multiplier of 2-4 on that for recovery. @VOGC has already done the work for us, just go through the spreadsheet and work it out folks.

The other important thing for me was the picture of the technical presentation and the attendees. Errol was standing. and everyones eyes were glued to the screen.

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Exactly Alexei - when I said 7x that was at 5% recovery and as you and all the experts here have alluded, carbonate plays like this can yield 20-50% recoveries!!!

This is mega news and if it doesn’t finish strong today then I’ll be damned.

Next week is going to be mega and it will headline all the oil rags and fin. bus. papers.

Last edited by justinmetals: 04/08/23

MAY Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Last 2.6¢		Change 0.002(8.33%)		Mkt cap ! $87.62M

Open	High	Low	Value	Volume
2.4¢	2.6¢	2.3¢	$70.57K	2.958M

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Price($)	Vol.	No.
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Ann: Block 9 Alameda 2 Increase in Net Pay, page-109

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