MAY 10.3% 3.2¢ melbana energy limited

Ann: Zapato-1ST Drilling Update, page-74

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  1. 626 Posts.
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    Yes matey & agree with you. Me thinks a few commentators above forget Zapato is very much proving up lateral oil shows and yes there is a significant igneous decline. Zapato is some 20km east of Alameda. This is not just about an oil well or wells - it is all about proving up an oil field of significance. Much of the past drilling experiences were also encountered in the Mexico oil fields east of Mexico City and onshore Venezuela from my reading and discussions. Drill team has plenty of experience and Sonagol knows that in proving this oil field sets up real commercial opportunities for possibly decades. Will be also interesting if quality gas shows are evident, but maybe in isolated pockets. I'd be worried if I was a day trader, but that I ain't.
    GLTAHs
 
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