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3.2¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-611

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Kit67

7,930 Posts.

1043

16/08/23

14:47

Post #: 69372970
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Originally posted by afawcett: ↑

kit67,

I would say that if reserves are north of 500mmbo I could see over 50 wells on structure with sustained production over 50,000bopd for over a decade. It will probably come down to getting in a pipeline and obviously quite a few more well pads. Chances are it's double that atleast. This would be an excellent foundation asset and would meet Cuba's energy needs.

Production per well will depend on connectivity too fractures and pressure drawdown and obviously reservoir engineering if artificial lift or pumps are required. Understanding how the reservoir behaves and whether recovery factors are accurate over time.

I will add that no oil/water contact and no formation water points to further downdip potential. AP eluded to potentially needing new seismic given the results to date. Something tells me it's potentially much bigger then envisioned.

best of luck holders

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Thx. You make an excellent point re downdip potential (I presume you mention this as it ties in well with their comment / observation regarding no water). So I presume that this then has a positive impact on recovery%?

MAY Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $107.8M

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