MAY 15.6% 5.6¢ melbana energy limited

the oil they found is very similar to Venezuela crude oil of...

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    the oil they found is very similar to Venezuela crude oil of between 15 to 24 API, even similar sulfur contents.

    so they will use similar technics to the Venezuelan to extract it

    note, Venezuelan have been extracting crude oil ranging in 15 API to 24 API for decades, and they also have the largest oil reserve in the world - even Saudi Arabia have heavy oil fields that ranges between 10 to 20 API.

    and this discovery of May is on multi-levels; at least 5 levels.

    the great thing about having them at multi-levels is, you can save on costs - labour cost is low any way in Cuba

    there is definitely oil there - no doubt; the issue is working out how to get it out of these multi-levels.

    they might need to side-track the hole a few hundred metres to conduct another flow test on the Marti, at a different location, if they can't solve the emulsion issues.

    ok, the market won't like the wait, but this drill has been delayed for months now, so might as well finish it

    further note, if they can flow at 1500 barrels per level, that would aggregate to 7,500 barrels per day, over 5 levels - and with a little acid stimulation, who knows what could happen.


    finally, limestone can easily be broken down by simple mild acid treatment like lemon juice.


    Last edited by Cosmoterios: 18/06/24
 
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