MAY 10.3% 3.2¢ melbana energy limited

In an open hole completion (without cement in the annulus) the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,985 Posts.
    lightbulb Created with Sketch. 1556
    In an open hole completion (without cement in the annulus) the only way to test zones is to have external packers in the annulus which need to be run in when running the casing itself - the same as with the alameda section in A3, which caused much delay and fishing. How effective these types of packers are in a highly fractured / cavernous reservoir to seal off against cement bypass is also highly questionable. I suspect this is how cement got behind the casing in the first place. After all it’s hard to tell how much cement in excess of the annulus volume has been lost to caves/fractures and therefore difficult to know when to stop cementing. I suspect the cement behind the casing issue was not actually incompetence or negligence but rather chance. If you want to test zones practically you might have to use internal packers and cement the lot, however, this results in ‘mortaring the brick wall’ which we don’t want, therefore, Perf the lot, acid frack, open the choke, and hope…. A2 1B successful remediation is the catalyst so I hope they ‘belts and braces’ all things design, planning, peer review, and execution when the do this in October
    Last edited by justinmetals: 18/07/24
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
3.2¢
Change
0.003(10.3%)
Mkt cap ! $107.8M
Open High Low Value Volume
2.9¢ 3.2¢ 2.9¢ $182.4K 5.982M

Buyers (Bids)

No. Vol. Price($)
7 534562 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 1235000 3
View Market Depth
Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.