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5.3¢ melbana energy limited

Thank you VOGC. Always look forward to seeing your...

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steve3110

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12/04/24

15:33

Post #: 73318134
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Originally posted by VOGC: ↑

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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Thank you VOGC. Always look forward to seeing your interpretation of the data.

MAY Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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