MAY 0.00% 2.2¢ melbana energy limited

Ann: NZ Pukatea 1 Successfully Flows Oil, page-15

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    Matyd: Just a small correction if I may. When Pucka 2 was shut in it was only producing about 80 barrels per day from memory. Combined, Pucka 1 and 2 were only producing 110-115 barrels per day as reported in the AGM technical supplement announcement of 30 Oct 2014. Puck1 clogged up and attempts to get it going again became uneconomic in the low POO environment and so Pucka 2 was shut down in early 2015. A restart of Pucka 2 however after it gets a new work over may well provide up to 200 barrels per day though I suspect it may be somewhat less given the history. But lets hope it can achieve that target anyway. Cheers.
 
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