MAY 4.29% 7.3¢ melbana energy limited

Ann: Alameda1 Independent Resources Assessment Marti Reservoir, page-305

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    I think the external reserve certifiers required flow rates and pressure draw down figures to get a more accurate figures. The fact we had signs of water influx required a material change to prospective resource in Marti in my view.

    Limestone reservoirs in many locations require fractures to get commercial production rates and a good pressure regime. We are fortunate that these are present and should make development quite easy.

    I think Marti will probably be drilled again to get a full understanding of its parameters. It could be multiple times larger then the ~95mmbo if the water influx was related to a fault/fracture communication with the aquifer. I'm also of the view that 3D seismic will be required at a later point for full field development. Get Amistad flowing and start a 3D seismic campaign to get a clearer picture of the 3 reservoirs.
 
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