MAY melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-541

  1. 105 Posts.
    lightbulb Created with Sketch. 72
    If the below post was correct, then they already finished testing U3 3-4 days ago - and no news. AP promised updates after each zone, so Flam could be onto something. They may want to hide crap results from U3 into an announcement about a spectacular flow from U2 and 1B biggrin.png
    Remember, while U3 was hoped to provide lighter oil, U2 and 1B are quite a bit larger, so as long as they can get oil from them, it is still worth many billions in revenue (MAY might be sitting on 200-300m bbl resource just in units 1 and 2), as long as it doesn't take 50 years to produce... There are plenty of refineries that would take heavy crude at the right price.



    https://hotcopper.com.au/data/attachments/5493/5493817-12b661faa84e5c010de1bf3175e07ee3.jpg

 
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