MAY 4.35% 2.2¢ melbana energy limited

I am not going to make any speculations here...I just did calcs...

  1. 309 Posts.
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    I am not going to make any speculations here...I just did calcs to show what has been presented in todays announcement.

    To have better understanding of this discovery, wireline logging of just drilled interval needs to be completed to give us insights into the reservoir quality and properties such as porosity, permeability, and oil / gas / water ratio..

    So to speak reservoir with high pressure with low porosity / and no permeability means nothing. The next step now is to understand those key reservoir properties. In event that we have high porosity and permeability will mean that oil can flow to surface like in old school Texas movies....good news!

    Not financial advise, DYOR and the rest..
    Last edited by Dadobajro: 07/02/22
 
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