MAY melbana energy limited
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Ann: Block 9 Alameda 2 Appraisal Update, page-230

  1. Krakour
    103 Posts.
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    15/08/23
    11:52
    Post #: 69344149
    The oil is yet to be tested or did I read that wrong.

    what API was expected I didn’t think we recovered oil during exploration at that depth nor reliable logs.

    The purpose of this drill was to
    1.Obtain reliable logs
    2.Confirm the presence of moveable Hydrocarbons
    3.Confirm oil flow to surface

    i think we’ve ticked the boxes oil will flow to surface with engineering solutions and cleanup,at approximately 750bpd for this interval only.

    The extent of this commercial discovery is therefore not fully interpreted.

    The punters were expecting 5000 bopd and a higher API….not sure where they got this information from
    MAY Price at posting: 7.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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