MAY 6.25% 3.0¢ melbana energy limited

Ann: Alameda-1 - Independent Resources Assessment (Upper Sheet), page-256

  1. 2,651 Posts.
    lightbulb Created with Sketch. 4724
    Hahaha, not only hearing it Feral... Am watching it play out in the updates...
    24 Feb Significant Oil shows & extensive natural fracturing in a hydrocarbon charged limestone structure in N Section..
    Then;
    03 March Strong oil & gas shows encountered within I Structure whereby AP States "Limestones encountered within the 103mMD (95mTVD) gross interval penetrated so far continue to have strong oil shows with free oil and gas again being encountered at surface within the drill"
    Then;
    09 March High pressure zone forcing an influx of hydrocarbons into the bore (see flare) & strong oil shows on the shakers

    So yeah, AP seems to indicate that the continuance of the structure/s is just that.... hahaha ;-)

    Oh and it wasn't a bad little update on the shallow shite neither, now was it? hehehe

    14 March Upper Sheet Upgrades.... 67% increase in mean resource estimates & an 82% increase on high end estimate..

    Tired of being conservative and proven wrong each week.. Might as well give it whatever value you want.. Doesn't matter as it's out of date 7 days later FFS ;-)

    And if anyone thinks that the increase in the upper resource estimates doesn't transcribe to the lower sections, you're dreaming.... 8tey.

    https://hotcopper.com.au/data/attachments/4174/4174757-b157f09ca54c5898b3de9ea1fa64f428.jpg
    https://hotcopper.com.au/data/attachments/4174/4174762-8d5e7d6093eb53eb97e534bf4c3c9dda.jpg

    https://hotcopper.com.au/data/attachments/4174/4174759-600210c8599b53c5c7a7ad03a1444411.jpg
    https://hotcopper.com.au/data/attachments/4174/4174764-91680fb2b1debcfccd2493508f21e170.jpg

    https://hotcopper.com.au/data/attachments/4174/4174769-d432872be16e5e12f9642a2ef3fc8432.jpg

 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.