MAY 3.13% 3.3¢ melbana energy limited

Ann: Drilling of Zapato-1 exploration well commenced, page-65

  1. 3,628 Posts.
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    Feral54,

    I’m optimistic about Zapato, the COS is probably closer to 30-35% now given the outcome at Alemada/Marti. Basically the source kitchen is more certain given that it sits between Motembo and Marti, we know that reservoir risk is lower and migration shouldn’t be an issue.

    A discovery here would be a nice thing, it would bring forward speed on the pipeline refurbishment. The ability to truck 20-30k bopd might be constrained by the road network so the pipeline becomes an important option.

    I hope AP was meeting with Cupet officials to discuss options and access.

    best of luck holders
 
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