MAY 6.67% 3.2¢ melbana energy limited

Ask yourself for how long it maintained above 1000bopd, therein...

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  1. 6,626 Posts.
    lightbulb Created with Sketch. 2505
    Ask yourself for how long it maintained above 1000bopd, therein lies your answer. Once they measured the flow rate longer, it could only sustain a consistent flow at around ~293bbl/d.

    The presentation only claims that it was around 1,235bopd for about 12hrs:
    https://hotcopper.com.au/data/attachments/6292/6292114-b4a8d8d8310ed0a1e840b27656bedc37.jpg
    source: 28 Aug 2023, ASX:MAY, Alameda-2 Appraisal Update Webinar Presentation https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02703276-3A624548

    https://hotcopper.com.au/data/attachments/6292/6292104-ea8d162710fd7d145d0ab8b0ce7b796b.jpg
    source: extract from 2 Nov 2023, ASX:MAY, Block 9 Early Production Testing Update https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02735198-3A629995
    https://hotcopper.com.au/data/attachments/6292/6292106-953b8ac4b24cfc4bcedd40540127a62e.jpg
    source: extract from 2 Nov 2023, ASX:MAY, Block 9 Early Production Testing Update https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02735198-3A629995

    I never participated in the flow rate debates while I was holding because it was pretty clear that Roch2077 and Linebacker11 were correct about this.

    The bottom line is: it could only do 1,235bopd for ~12hrs, and it could do 293bopd for "the majority of the test" which ranged for >9days.

    Pretending that they artificially reduced the flow rate by partially closing the choke is an invalid argument. They needed to reduce the choke because their flow rates were likely not consistent otherwise, and they needed consistent flow rates for their reservoir engineering calculations.
 
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