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3.33% 3.1¢ melbana energy limited

Ann: Appraisal Program for Block 9, Cuba, page-30

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  1. rivermore
    6,788 Posts.
    lightbulb Created with Sketch. 1648
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    15/11/22
    13:00
    Post #: 64781186
    And the 360m bbls is based on only 5% OIP recovery.

    I don't think too many believe it will be 5%, we weren't seeing bitumen over the shakers.

    Add in the high pressures and I think we will be the other side of 10% at least.

    My guess is the SP is bouncing on bottom now and will move up significantly as we get closer to kick off.

    DYOR.
    MAY Price at posting: 5.2¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 29  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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