MAY 4.00% 2.6¢ melbana energy limited

Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-259

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    Shortly after A3 is done we should be producing the trucking capacity limit of 5k bopd.

    In terms of the potential 'size of the prize' I was happy to hear the rough estimate on acreage that might allow 30 wells in time once a pipeline is in. With multiple wells off each pad targeting different layers this could provide 50k bopd from the upper sheet alone + whatever A3 provides - which we hope is even bigger.
    All this calculated just on unassisted vertical wells. There is further upside if horizontal wells and pumps are incorporated which I'd say is only a matter of time.
 
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