Alexei ii,
It’s a very interesting discovery indeed, some very compelling possibilities. The fact that there is substantial over pressure and the extent of oil shows does make me think of a much larger structure has been found than what was anticipated. It was eluded too in some commentary with the over pressured environment. If you compare the footprint of the N structure and Alameda including the SW block it’s comparable to Varadero.
I know that fracture networks with in limestones can enhance production and make the production profile of a well extend well beyond normal reservoir conditions. So recovery factors can be substantially increased if the fracture network is pervasive across the structure. My only concern is connectivity to the water table with in the structure of the fracture network.
best of luck holders
- Forums
- ASX - By Stock
- MAY
- Ann: Alameda-1 Strong Oil and gas shows encountered within the
Ann: Alameda-1 Strong Oil and gas shows encountered within the, page-114
-
- There are more pages in this discussion • 143 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
|
|||||
Last
3.0¢ |
Change
-0.002(6.25%) |
Mkt cap ! $101.1M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.8¢ | $248.3K | 8.453M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 750509 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 24364 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 750509 | 0.029 |
30 | 3863778 | 0.028 |
13 | 1504803 | 0.027 |
6 | 1463577 | 0.026 |
13 | 1042000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 24364 | 1 |
0.031 | 560521 | 8 |
0.032 | 865191 | 7 |
0.033 | 1836635 | 5 |
0.034 | 800000 | 4 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |