MAY 4.35% 2.2¢ melbana energy limited

ohmikeyoh,We would know the pressure, preliminary net/gross...

  1. 3,616 Posts.
    lightbulb Created with Sketch. 1930
    ohmikeyoh,

    We would know the pressure, preliminary net/gross (external verification ongoing) and a rough API figure. With this we could get an oil in place figure and a conservative recovery factor.

    The flow test will provide for a more definitive recovery factor due to flow and pressure draw down and a good oil sample. The oil quality might be complicated by impurities that may require treatment.

    Most importantly a good flow basically means earlier commercialisation with out intervention needed until well later. It is also a confidence maker for shareholders.

    best of luck holders
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.2¢ 2.3¢ 2.2¢ $7.11K 323.2K

Buyers (Bids)

No. Vol. Price($)
6 5665721 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 10360 2
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.