MAY 6.06% 3.5¢ melbana energy limited

Ann: Total depth called for Alameda-1, page-234

  1. 11,287 Posts.
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    So am I right in saying that this “could” have potentially10b billion barrels of oil in place and it “could” be recoverable at 15%. Meaning our share “could” be 450m barrels of oil? At $5 in ground value that’s $2b+ which might be a conservative igv given how soon we might produce, how close we are to the refineries and the potential for oil to keep going up
    that’s close to $1 per share and we haven’t even looked at Zapato.
    obviously I may be overstating assumptions on total barrels in place and recoverable % which we won’t know until flow tests. Is there anywhere else I’m wrong in my logic here? Feel free to shoot me down hard as I’m not traditionally and o&g investor buy this just seems like a no brainer to me
 
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