MAY 4.00% 2.6¢ melbana energy limited

Yes, the bulk of the S/Hs that wanted out did it yesterday...

  1. 12,830 Posts.
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    Yes, the bulk of the S/Hs that wanted out did it yesterday ...prob also traders thinking we would get an update today got caught out yesterday ..

    EOFY done (THANK FK what a horror finish to FY for this trader) ... volumes will prob be even lower next week..

    I wonder if the Marti/Alameda No flow issues is the same as we seen in Amistad test-3

    • Test-3 :
    • Cased hole test of Unit-2 limestones.
    • Perforated casing over multiple intervals @ 5spf.
    • Total shot length ~50m.
    • No flow from reservoir.
    • USIT/CBL logs indicate cement behind 7” liner.
    • Lack of flow likely due to (cement) damage.

    I am looking forward to an update on the plan moving into 2H24.. if say Alameda/Marti are P&A ...a future plan to revisit like Zapato ?

    If this is the case we have >

    -Production plan for the "Amistad" • “Phase 1” development plan for the Amistad Unit 1B comprising 7 new Unit 1B wells

    -Acquire 3D seismic to optimize subsequent shallow and deeper field
    appraisal and development.

    -Farm-out results WA-544-P and NT/P87

    -Beehive EOG drilling date updated ?


 
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
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