MAY 3.85% 2.7¢ melbana energy limited

Cuban report and Cubans comment on A2 appraisal, page-47

  1. 3,626 Posts.
    lightbulb Created with Sketch. 1134
    Yep, I understand the plan but a change of plan was discussed in the webinar regarding trying to produce from Al1. I agree, they didnt test the upper sheet on the way out for technical reasons and these may be the deciding factor. That is also why I am not fond of Errols desire to test the upper sheet on the way down Al3. Again I am sure this well is not designed for that either.
    AP is not fond of changing plans, either way I would like to know what he intends. I dont see why they coudnt just leave Al1 for ron. Needing the BOP would be one reason but not insurmountable and as I have said going for 1200 bopd doesnt seem cost effective in the mid term when 1 horizontal would put us at our logistics limit. Of course if they could drill a horizontal from that well, that would change things but I doubt that is technically feasible either.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.7¢
Change
0.001(3.85%)
Mkt cap ! $90.99M
Open High Low Value Volume
2.7¢ 2.7¢ 2.7¢ $18.45K 683.5K

Buyers (Bids)

No. Vol. Price($)
1 50000 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 269722 5
View Market Depth
Last trade - 15.50pm 18/09/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.