MAY melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-787

  1. 5,733 Posts.
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    I wouldn't try and compare or worry about Varadero nobody is going to build a pipeline and drill horizontal wells in block nine to move this heavy crude. The logistics vs the value is in a future I can't actually see as Russian/Venzuelan oil they can source for a discount is probably cheaper to import than build a pipeline and refine such heavy crude.

    The Goal is now A3 think around these levels that it maybe a good punt from here even as a lead up to the drill or whilst drilling for a free carry
 
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1 14500 2.3¢
 

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Price($) Vol. No.
2.2¢ 80000 1
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