MAY 4.35% 2.4¢ melbana energy limited

Ann: Block 9 Alameda 2 Increase in Net Pay, page-84

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    As I understand it level 3 is open hole flow test. As Kenny points out the pressures here are good so the flow results should be a few days away. Level 2 and 1b requires perforation and will be a bit longer.
    Sadly the McDaniels update is a cake that needs a lot of baking, at least 2 months. Hopefully some instos will start buying up to stabilise the SP over this period. With luck we will see 20c with the flow tests.
 
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