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5.2¢ melbana energy limited

The mud weight was incorrect or too low through this section...

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Gharp

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18/04/24

09:13

Post #: 73399960
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Originally posted by afawcett: ↑

kangaroos67,

If the kicks are enough to do this then it's probably at or close to 10kpsi, also not to mention that the images look rather light and that stuck assembly issues are a result of pressure drive via fracture networks. We have a very fractured reservoir probably into the vuggy (cavernous) category.

I'm going to say that we are looking at a significant upgrade in net/gross. Hopefully we get more images on LinkedIn as is the pattern recently.

I think we are looking at probably drilling recommencing mid next week with another 2-4 weeks to complete the remaining 200 metres.

best of luck holders

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The mud weight was incorrect or too low through this section which could cause a kick and not it nearing 10kpsi. There could be more gas in the reservoir then they were expecting when they thought it would predominately be oil

MAY Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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