MAY 3.57% 2.7¢ melbana energy limited

Ann: Appraisal Program for Block 9, Cuba, page-296

  1. 125 Posts.
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    Some previously published pre drill information published from Energy News Bulletin -

    Alameda is close to Marti-5, which recovered 24 degree API oil in 1988 at unknown rates.

    The Lower Sheet Play is between 2000-3500m depth, and sits below the Upper Sheet (between 800m and 3500m and a shallow Tertiary play (between 400m and 1200m). - (This is now 3 potential separate pay zones)

    Lower Sheet targets are a conventional, fractured carbonate reservoir, similar to existing producing fields in Cuba, and can flow at up to 4000bopd.

    Alameda, previously known as I Lead, is in a similar structural position to the Varadero field, which sits some 35km away.

    My takeaway - more than happy for 4000 bopd per well actually would be ecstatic and would be confident if the 24 deg API is reproduced that recovery will exceed 5% ....typically cuban oil around 10- 15 API
    AIMO but when this flows the numbers will have been conservative
    GLAH
 
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