MAY 0.00% 2.0¢ melbana energy limited

General discussion, page-478

  1. 7,882 Posts.
    lightbulb Created with Sketch. 1524
    Thanks kangaroo, great practical insight from someone in the industry. That’s excellent confirmation of what I had in mind. The kicker will be the realisation. Of what we all think is at A3.
    - Light oil preserved under pressure and temp
    - Huge 12k+PSI pressures
    - Extremely naturally fractured carbonates after millions of years of folding
    - huge pressures that should support attention grabbing flow rates
    - huge net pays 500m below alameda cap seal
    - extensive reservoir open to the E & W
    - still not reached the bottom of marti (oil did flow into well after that water did)
    - globally significant
    - career best discovery
    - 10c is still cheap
    Last edited by justinmetals: 10/01/23
 
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