MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 - Early Production and Spud of Alameda-3, page-341

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    Hi @VOGC, a question for you. Hoping you may have already considered this so that any response you may give isn't impacting too much on your time.
    Wondering what impact you think the new drill results from Alameda 2 will have on the overall barrels of oil in place and the recovery percentage. It would appear the original assessment is now obsolete even before the results of Alameda 3 are known. Given finding lighter oil in 1B that is not normally associated with Cuba I would think the recovery rate would increase significantly. Add in the additional net pay discovered this time around then we must be looking at a significant uplift in both metrics. All this before the drill starts turning on Alameda 3 . Your thoughts?
 
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