My understanding is that the Alameda-2 ( Amistad) -unit 3 results tested 21m TVD net pay with approximately 750bpd available (if using a pumping device which lots of wells around the world use). The Amistad units 1a, 1b and 2 were found to have about 243m of TVD net pay. 21m TVD net pay versus 243m TVD net is a huge difference. 21/264 (21+243 TVD net pay) is only 7.95%. On a one for one basis (all things being equal) then 750bpd = 9,375bpd over the whole Amistad area (1a,1b,2 & 3) This is the topside and least prospective of three zones that MAY is drilling. I’ll wait for others to correct me - for these figures look too good to be true??
MAY Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held
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