MAY melbana energy limited

9.52%

2.3¢

Ann: Block 9 - Maiden Contingent Resources, page-257

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kornik13

105 Posts.

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04/04/24

12:33

Post #: 73186568
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Originally posted by afawcett: ↑

avthold04,

We have 30% of 46mmbo, which is one compartment of the 1B reservoir that was drilled. I personally think it's very conservative at this point and I'd like to talk with Errol about the breakdown of how we get to those resource figures. It could be that Units 2/3 are where the majority of Amistad reserves exist.

We have much more upside and the Marti/alameda seem to be substantially more material. The majority of the prospects mapped are lower sheet and that if you look at the historical wells in the block there are a few upper sheet appraisal wells following up shows. The historical presentation placed on here recently alluded to those wells and the prospects targeted.

best of luck holders

Expand

correct, that is for the contingent resources but we also have prospective in 1B West section of 90MMbbl (on 100% basis)
Overall 1B has been assessed by McDaniel as over 1 billion barrels of oil in place (contingent + prospective), Fantastic result, we just need to start the production and crank it up over 2-3 years.

MAY Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
18 Upvote

2 Great analysis

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Ann: Block 9 - Maiden Contingent Resources, page-257

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