MAY 3.92% 5.3¢ melbana energy limited

Highlights- Preliminary evaluation indicates a total of at least...

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    Highlights

    - Preliminary evaluation indicates a total of at least 48 net metres of potential oil and gas
    pay across 11 zones totalling 415 metres of gross section


    - Results derived from electric logging over 1,389 metres in the upper part of the
    secondary objective drilled to date, including the zones with good oil shows and
    elevated gas readings


    - The estimated length of oil and gas pay excludes ~290 metres where poor hole
    conditions prevented viable logs from being acquired. Additional net pays might be
    found in these zones due to the good oil shows and similar lithology encountered
    there


    - Drilling will now resume out of the current target and towards the deeper primary
    targets, following the cementing and formation integrity testing of the 11-3/4” liner
    shoe once it hasbeen set in place

 
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