MAY 3.13% 3.3¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-153

  1. 3,628 Posts.
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    In Da Hood,

    Rigs don’t stay on production facilities once testing or development is finished and the hole cased or P/A. There are smaller specialised testing rigs around if the hole is in place that are cheaper to use. Whether there are any in Cuba is another question.

    Ideally the rig is used to drill exploration holes or development holes and then move on when it’s finished. The odd work over job too is possible later on.

    We have 20+ targets to chase, so it’s possible to do a long term campaign if management want to chase after the full potential.

    I think the region is going to be massively upgraded given results so far. Upper and lower sheet are now more prospective.

    best of luck holders
 
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