MAY 0.00% 3.5¢ melbana energy limited

Ann: Alameda-1 Drilling Update, page-18

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3828
    It's basically a gas kick, aka Pressure influx as per the update. Whether its a gascap above an oil leg or just a gas zone remains to b verified from the Wireline Logs. Which is why to proceed cautiously they have to increase the mud weight to keep the wellbore 'balanced' & simultaneously flare off the gas.

    It's always a tricky situation esp. with logging to b done, which means once they trip out they'll have to fill the hole with heavy mud & monitor the mud tanks for fluid coming out of the well.

    In short, Log this section & put it behind casing, as the primary targets is still deeper. With shallow zones, u don't get pressure that will last years & years, eventually it drops off & so does the flowrate.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
0.000(0.00%)
Mkt cap ! $117.9M
Open High Low Value Volume
3.6¢ 3.6¢ 3.3¢ $427.2K 12.36M

Buyers (Bids)

No. Vol. Price($)
12 2516368 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 762985 9
View Market Depth
Last trade - 16.10pm 01/07/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.