MAY 4.17% 2.3¢ melbana energy limited

Also if we hit el dorado in zapato all of a sudden management...

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    Also if we hit el dorado in zapato all of a sudden management will be getting back slaps and three cheers all around.

    Lets hope maybe they do release their forward plan in the quarterly obviously zapato is not going to be done by three weeks time but it may have shown us enough to let AP release what the forward plan is.

    To be honest I don't see the point @Hateful8 of even worrying about drilling more exploration the science and seeing all those lovely potential oil fields from Dr tenruyo if i spelt his name right is cool especially if he's discovered at least half of the known field in Cuba then the man is worth listening too.

    However, we have Amistad zones, alameda and Marti for at least 350mmbo likely double that if the api is higher as the recovery rate is closer to 10% than 5% and we have 6bn barrels in place.

    If Zapato comes in for another multi billion barrel field then we have two massive fields and they can't seem to drill more than one well every six months.

    Oil could be worthless in a decade so you maximise oil production on your existing fields you don't go chasing further elephants.

    They need a second rig maybe even a third once they get serious even if it's an old rickety job that can't do more than 1500m deep for the Amistad knife through butter wells! They need to go on a journey to deplete those two oil fields within a decade. Go hard or go home you can't think the world won't change the pace of change is huge already and only going to get greater.

    Reinvest some of the profits in going renewable and become a new age energy company using the spoils of their major oil finds imo. Be the people that bring Cuba and maybe some in australia along for the journey that's part of the energy solution not the problem as the greenies see fossil fuels.
    Last edited by In Da Hood: 10/10/22
 
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