MAY 6.25% 3.0¢ melbana energy limited

Ann: Alameda-1 Strong Oil and gas shows encountered within the, page-114

  1. 3,567 Posts.
    lightbulb Created with Sketch. 1853
    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
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.