MAY 3.13% 3.3¢ melbana energy limited

Ann: Trading Halt, page-49

  1. 2,164 Posts.
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    I haven't been paying close attention lately but think was alexeii said zone 3 was minimal pay so 750 barrels per day potential from that is huge. If Zone 2 and 1B have so much more net pay and porosity is in fact 9% versus 5% average for Cuba then it's not impossible to get into the 1000's barrels a day maybe even with the heavy crude and a vertical shaft.

    Oil is still the best conversion to money atm or the simplest almost like a resources money printing press. $86 a barrel for the Venezuelan crude will do me especially when it's onshore. They are going to take 6 months to drill alameda 3 it's a deep well with a lot of pressure clearly. Hopefully they man up and get a second project going for the Amistad concurrently.
 
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