MAY 5.26% 3.6¢ melbana energy limited

quick summary:10 days last time and we were into oil (unexpected...

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  1. 3,779 Posts.
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    quick summary:
    • 10 days last time and we were into oil (unexpected - upper sheet became: 1.9bnOIP, 88BN prospective)
    • 1st of 3 reservoirs. simple drill
    • "scientific well" 3 zones to understand - GOLD PLATED Appraisal program. SAMPLING, LOGGING, CORING, FLOWING in each of the three A1 zones.
    • ~two weeks at each of three sections to really test each properly, maybe 2 months end to end for A1. 3rd section most interesting (that couldn't be logged last time) - NOT A RACE - aim is full field development + plans.
    • plan is to produce from A1 and move rig only 20m to do deeper section A2.
    • CEO and CFO flying to Cuba risk assessment (all "what ifs") & for the fwd planning (field dev, infrastructure, seismic, pipeline) - get set for next year full field development and getting OIL FLOWING from everywhere!!!!

    The month of MAY will now become the YEAR OF MAY!!!
 
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
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