MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 Status of Alameda 3 and Operational Update, page-35

  1. 2,980 Posts.
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    Big thumbs up from me. The announcement has got enough detail in it to keep everyone informed and happy.

    Drilling
    Even though it's high level narrative, hopefully people can see that drilling is not a simple task. The company is still trying to do as much as they can with this one hole. I count 5 tests. 3 different reservoirs.

    Being able to plan with the benefit of knowing what to expect must be a huge relief for the team.

    Unit 1B
    Theyre not going to say it, but i will. 6 fold increase in net pay. Double the recovery...at least. Thats 12 x whatever number has been previously put on Unit 1B. Lo sulphur crude. Merry Christmas. Felice Navidad.
 
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