MAY 6.90% 3.1¢ melbana energy limited

Drilling rate seems to be in line with announcements last year...

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    Drilling rate seems to be in line with announcements last year

    1. 7 day after spudding 457m reached - "Consistent with offset wells, minor residual oil shows were observed in cuttings through the interval within interbedded limestones and sandstones. The shallowest of the three prospective intervals in Alameda-1 is anticipated at approximately 800 metres measured depth."
    2- A week later "Oil shows consisting of relatively light oil have been encountered from just below the casing point at 454 metres to the current depth of 1,047 metres - a thickness of 547 metres so far."

    Should be at the 1,000 mark now

 
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