MAY 10.3% 3.2¢ melbana energy limited

Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-264

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  1. 221 Posts.
    lightbulb Created with Sketch. 44
    I think all this is not relevant from my investing view point . we got a major discovery and easily developable field . Like last week I said people who sold last week doesn't read or research nowadays . So I don't care whether A3 is getting me light oil

    Just this upper sheet is a company maker and production can be started from only this one . They just need 3 more additional vertical to touch 10kbopd per day

    Alemeda -1( I don't think they will abandon the well )

    Alemeda -2

    3x more wells

    easy 10kbopd

    10k x30 days

    300,000 barrels/ month ( conservative)

    I leave the math to all your imaginations

    People who have SMSF have to just buy this and relax cox they are gone make tax free money in the super fund during retirement and they can visit Cuba enjoy a Cuban cigar and party like anything .
 
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