MAY 0.00% 3.2¢ melbana energy limited

Ann: Trading Halt, page-49

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,164 Posts.
    lightbulb Created with Sketch. 563
    I haven't been paying close attention lately but think was alexeii said zone 3 was minimal pay so 750 barrels per day potential from that is huge. If Zone 2 and 1B have so much more net pay and porosity is in fact 9% versus 5% average for Cuba then it's not impossible to get into the 1000's barrels a day maybe even with the heavy crude and a vertical shaft.

    Oil is still the best conversion to money atm or the simplest almost like a resources money printing press. $86 a barrel for the Venezuelan crude will do me especially when it's onshore. They are going to take 6 months to drill alameda 3 it's a deep well with a lot of pressure clearly. Hopefully they man up and get a second project going for the Amistad concurrently.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.