MAY melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-789

  1. 3,648 Posts.
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    oldgeo,

    There was a lot of hype on the results as it was all additional upside. The only comment I think ap made was that the reservoir was like drilling through butter with pressure kicks in unit 3. Unfortunately A-1 was basically in recovery mode trying to keep the well in place due to the unexpected oil shows. Maybe unit 3 has compartments with different pressure regimes.

    The pressure was really in Alemada and Marti which were the primary targets. Still the armistad results are excellent in regards to the oil in place and that it's onshore which means the company can work on recovering it at a good cost. This is predominantly the type of oil Cuba needs currently for electricity production.
 
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