MAY 7.89% 3.5¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-721

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  1. 3,630 Posts.
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    feral54,

    I do agree that better communication is needed, even if it's in the form of a monthly newsletter released on the site. My understanding is that FID was pending soon and is contingent on offtake being arranged to finance a pipeline.

    The main area of concern for me is the complicated pressure regime, maybe the company should take an approach to install pumps and fracc each well to give a high level of confidence in well completion and production. Particularly with the heavier oils in the upper sheet.

    best of luck holders
 
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