MAY 2.33% 4.2¢ melbana energy limited

Alameda-1: Significant oil pay defined in Marti...

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    Alameda-1: Significant oil pay defined in Marti structureHighlights- Approximately 62 mMD / 52 mTVD of net pay in aggregate across a logged gross reservoir interval of approximately 286 mMD / 240 mTVD in the Marti structure, the deepest objective in Alameda-1- Aggregate and updated interpreted net pay intervals across the three independent structures encountered whilst drilling the Alameda-1 exploration well now total approximately 300 mMD / 278 mTVD from gross reservoir intervals totalling approximately 2,155 mMD / 2,022 mTVD- Logging data now being incorporated with other geological data to prepare an updated resource estimate- The volume of oil in place from the first (Amistad) structure has been independently estimated to contain 2.5 billion barrels of oil in place with a combined Prospective Resource of 119 million barrels of oil (100% share, mean estimate)*Melbana
 
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