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5.5¢ melbana energy limited

Ann: Operations Update - Encouraging oil shows at Alameda-1, page-230

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05/10/21

08:29

Post #: 56561152
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Originally posted by bratty: ↑

My understanding from the diagrams in announcements is the first target is at around 1300m then 2nd at 2500m and last at around 2900m.
We cased at 454m and will again at around 2200m then wire log the first section between casings to measure the oil shows and first target. We should have hit the 1st target by now if we are around 1600m-1700m, but they wont stop drilling until the 2nd casing point to examine what they have found.
I could be wrong but that is how I read it.
Everything looking great so far imo, very happy holding options.

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You seem to worked with drilling or rigs
Or in the oil game

cheers

MAY Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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