Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

0.00%

3.2¢ melbana energy limited

Thx. You make an excellent point re downdip potential (I presume...

First 611 Last

Share
Profile

Follow
Kit67

7,930 Posts.

1043

16/08/23

14:47

Post #: 69372970
Share

Originally posted by afawcett: ↑

kit67,

I would say that if reserves are north of 500mmbo I could see over 50 wells on structure with sustained production over 50,000bopd for over a decade. It will probably come down to getting in a pipeline and obviously quite a few more well pads. Chances are it's double that atleast. This would be an excellent foundation asset and would meet Cuba's energy needs.

Production per well will depend on connectivity too fractures and pressure drawdown and obviously reservoir engineering if artificial lift or pumps are required. Understanding how the reservoir behaves and whether recovery factors are accurate over time.

I will add that no oil/water contact and no formation water points to further downdip potential. AP eluded to potentially needing new seismic given the results to date. Something tells me it's potentially much bigger then envisioned.

best of luck holders

Expand

Thx. You make an excellent point re downdip potential (I presume you mention this as it ties in well with their comment / observation regarding no water). So I presume that this then has a positive impact on recovery%?

MAY Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 298 more messages in this thread...

First 611 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $107.8M

Open	High	Low	Value	Volume
3.0¢	3.2¢	3.0¢	$61.1K	1.976M

Buyers (Bids)

No.	Vol.	Price($)
2	75867	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	803885	7

View Market Depth

No.	Vol.	Price($)
2	75867	0.031
11	2620036	0.030
16	1508439	0.029
7	2907858	0.028
6	1364740	0.027

Price($)	Vol.	No.
0.032	803885	7
0.033	549037	7
0.034	1028000	3
0.035	1040266	2
0.037	177812	3

Last trade - 16.10pm 13/11/2024 (20 minute delay)

MAY (ASX) Chart