MAY 8.33% 2.2¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-563

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    If AP has given the impression that horizontal drilling programs are cheap and fast this would be misleading again. There is no imminent production coming soon from these upper sheets and would require an extensive evaluation program before they would commit to such a campaign with many wells needed for commerciality etc.

    As mwatts had said the best near term chance of production would be the deeper A3 sections if they are able to be flowed from a vertical well freely
 
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