MAY 3.13% 3.3¢ melbana energy limited

Ann: Block 9, Alameda-3 flow testing commences, page-59

  1. 10,189 Posts.
    lightbulb Created with Sketch. 1986
    You need to be realistic now that API is 18 heavier oil than the upper sheets that were producing 1000 barrels a day at 800m. You’re going 4km down a hole further with varying conditions which add more resistance along the way. Yes you have increased pressure but flow rate will be poor and the 5000 barrels a day will be significantly less hence less feasible when it comes to establishing the production and funding the construction.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.