MAY 20.0% 4.8¢ melbana energy limited

Hi Trumpster101 and others who may be interested,I've Posted...

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    Hi Trumpster101 and others who may be interested,

    I've Posted below in the following Slides my review of the ASX 25/3/24 - Amistad Unit 1B McDaniel's Resources assessments.

    Slides 1 & 2
    These cover my notes on the release.
    Key items as noted on the Slides:
    1 Key Conclusions
    2 Amistad Unit 1B is described as "heavily fractured, porous and oil filled" - thus, would strongly expect that McDaniel has included the fracture volume in their estimates.

    Slide 3
    An estimate of the area that 1sqkm with 350mTDV thickness of net pay would cover with likely average parameters for Unit 1B = 1.45sqkm. Did this as a sense check for my conclusion that McDaniel's were very likely only looking at a very small area.
    An estimate of the potentially recoverable resources for the current "full" Unit 1B area of 12.6sqkm ~400MMBO. This is the 100% JV number, therefore MAY's 30% = 120MMBO.

    Slides 4, 5 & 6
    Amistad Unit 1B maps with areas as noted.

    Slides 7 & 8
    Back-up Slides re: calculation in Slide 3

    GLTAH
    Cheers
    VOGC

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    https://hotcopper.com.au/data/attachments/6093/6093252-1f31c5f6336f985af1bef82b5f3b6ba7.jpg

 
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