MAY 4.17% 2.3¢ melbana energy limited

Hi justlocal, Not my intent to even think that, great work with...

  1. 623 Posts.
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    Hi justlocal,
    Not my intent to even think that, great work with your updates...
    This now falls into the start of what will hopefully be a great last 5 months of the year for shareholders.
    Hopefully we see real progress on all fronts ..
    IMO first data from the Beehive 3D interpretations should take 30-50 days, this is not a huge area of seismic we are shooting and seems we will have 3 sets of Geos interpreting it, May, Santos and Total,
    If all 3 come to positive conclusions this is of the scale..

    When I worked for Bhp on the Pyrenees project In the NWS , it was the biggest offshore capex project they have done, 18 subsea wells tying into 3 templates and an FPSO... 1.5 billion dollars capex
    The Pyrenees field had proven reserves of 130 million barrels of oil...
    We COULD potentially be looking at 4-8 times greater reserve’s here on Beehive...

    Anyone Feel the Melbana vibe just ticking up a notch...?
 
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