MAY melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-62

  1. 4,217 Posts.
    lightbulb Created with Sketch. 182
    Geez its a massive announcement

    I love the words "Conservatively"

    "Conservatively" we could be seeing 243 metres of Net Pay on logs for Units 1A, 1B and 2 –almost a threefold increase in what we were able to verify last time across the equivalent area. This is a great result in its own right, even before we consider that this number increases to 538 metres if we allow for the natural fracturing encountered. Logs for Unit 3 are still being analysed ".

    Any news on oil quality ?? ... nothing mentioned about it

    Would love to hear some comments from our usual brains trust experts on this on their interpretation of this data

 
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