MAY 3.13% 3.3¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-44

  1. 4,695 Posts.
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    You all do realise they never physically obtained 750 barrels of oil. The well killed itself naturally under the weight of the mixture of water/drilling fluid and oil in the well. They are just estimating how high this column of fluid went to by displacing 63 barrels of water in the column. So they will still need to prove this figure is real in the future with a future well and pump.

    More just realistic that this announcement is not going to set off any fireworks at the moment and more patience is needed for the second drill.
 
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