MAY 0.00% 2.0¢ melbana energy limited

Ann: Operations Update - Encouraging oil shows at Alameda-1, page-15

  1. 125 Posts.
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    Woweee! What a positive unexpected announcement, over 500 metres in the upper sheet, if i dare to dream that this becomes commercial block 9 could be massive with 19 identified structures

    Quick google - Live oil/ Dead oil
    This could be the high quality oil we're after

    1.
    Oil containing dissolved gas in solution that may be released from solution at surface conditions. Live oil must be handled and pumped under closely controlled conditions to avoid the risk of explosion or fire.
    1.
    Oil at sufficiently low pressure that it contains no dissolved gas or a relatively thick oil or residue that has lost its volatile components.
 
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