MAY 10.0% 2.2¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-293

  1. 406 Posts.
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    Let's be realistic, even if it flows like the clappers ( your words ) and the API is as good as people are hoping, do you think they will use A3 to flow and truck?
    My take is I very very much doubt it.

    Flow from A2 - maybe 800bpd consistently over a decent time period.
    Potential cap out lower section of A3 and flow another 800bpd from it in the upper section.

    Would then need to drill another 3-4 production wells to get to 5k bpd.

    At the rate of drilling I would highly doubt that will be achieved.

    However, some will still dream of the miracle $1 per share that has been getting posted for the last 2 years!
    It MAY all happen just in a much longer time period, if they don't take the sale and move on.
 
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