MAY 3.03% 3.4¢ melbana energy limited

i definitely agree that the upside prospectivity across block 9...

  1. 3,560 Posts.
    lightbulb Created with Sketch. 1850
    i definitely agree that the upside prospectivity across block 9 isn't being put out to market effectively. I think it comes down to the lack of modern seismic which would be required to better map deep targets in the lower sheet but also the complex structuring in the upper sheet. The company has proven a massive discovery over 5 reservoirs with each likely to contain over 100mmbo some well over. The Vega Alta is an exception trapping mechanism and it does deserve 3D seismic across the block as there are likely other discoveries to be made in the block.

    When Alsmeda-1 was drilled I was in disbelief of the outcome. Hopefully Alameda-3 proves the upside and we get good flows.
 
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