MAY
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5.26% 3.6¢ melbana energy limited

Just a reminder of the 28Th August 23 Flow test announcement...

  1. avthold04
    1,309 Posts.
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    14/06/24
    14:27
    Post #: 74318181
    Just a reminder of the 28Th August 23 Flow test announcement with the SP drifting downwards for a week with minimal volume before the trading

    Highlights
    - Peak flow to surface 1,903 barrels of oil per day from Unit 1B (stabilised average
    flow rate 1,235 barrels of oil per day)
    - Significantly lighter (19° API) and lower viscosity (30 cP) oil compared to other
    units in the Amistad Formation
    - Over 1,000 barrels of oil produced and trucked away during testing
    - No formation water observed during the flow test or from logs
    - Unit 1B now being completed to allow for future productio
    MAY Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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