MAY 3.13% 3.3¢ melbana energy limited

Ann: Alameda-1 Drilling Update, page-415

  1. 1,044 Posts.
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    The flow rates are eagerly awaited.

    Below is some research on the pay zones. I was keen to put them in perspective against other oil and gas discoveries as it isn't every day that a reservoir is located. I came across this research from the person referenced below.

    https://hotcopper.com.au/data/attachments/4272/4272775-1bceca69f916946d809fdcd227c58a4c.jpg
    https://hotcopper.com.au/data/attachments/4272/4272778-a58d9470f0316057a7eab16f16d0df1c.jpg

    Looking at the above in relation to the quoted net pay estimates from Anmistad, Alameda and Marti and then converting these zones from metres to feet I have come up with the figures below quoted above the company announcement. It's not possible to determine the flow rates to be expected from this. In fact these intercepts of net pay don't fall within the boundaries of the above data set at all.
    Its extraordinary. I can only try to read between the lines and join to the dots to what the potential significance of these very large pay zones translates to.

    https://hotcopper.com.au/data/attachments/4272/4272783-b58d5fbbd7b662dedc81fe75204f64c9.jpg


 
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