MAY 20.0% 2.8¢ melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-345

  1. 7,807 Posts.
    lightbulb Created with Sketch. 1503
    I know I’ve listened to you, Alexei, VOGC, FSRU, H8tey and Errol etc carefully since 2021 and this proving to be the gift that keeps giving.

    that 347M barrels figure I’ve quoted net to May for the u1&2 sections of the upper sheet is only for 243m too (albeit at 15% recovery) and due to the vugginess and seismic fracture network this is in reality likely to be 500m+ per the announcement. The total upper sheet could well be 2B barrels recoverable by the looks!!

    Do you think we will get news of flow Monday preopen? Surely that’s price sensitive initial flow rates etc.

    Based on pushing out the below, testing of all units should be completed by 20th August. I assume the rig will be mobilised to A3 ready to start drilling roughly 1st September. That gives 4 months to Christmas and that could well make for a very nice Christmas gift

    upload_2023-8-5_11-58-24.jpeg
    Last edited by justinmetals: 05/08/23
 
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