MAY 8.00% 2.7¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-64

  1. 3,120 Posts.
    lightbulb Created with Sketch. 1038
    Well that's not great but to be expected, drill took far far to long, was worried 2 months ago that this would happened
    Good news is the substantial surface pressure @3034 psi,companys very rarely give this information out, I'm taking this as a hint that they are confidential of remedial success here.
    It might take shape of coil tubing circulation or even side track but I'm confident if that surface pressure is true as report along with the history of A1 issues that this will eventually succeed.
    It's square on AP's shoulders though, they stuffed the engineering up on this.
    Disappointing for all
 
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