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2.6¢ melbana energy limited

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jakspara

9,815 Posts.

3217

23/04/22

21:34

Post #: 60990123
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Originally posted by afawcett: ↑

Hateful8,

The recovery factor is based on historical Cuban recovery of 4.6-4.8% with heavy oil in tight reservoirs. Basically with the fracture network and lighter oil with high pressure we should atleast get 15% recovery. So I think we are pretty undervalued at these conservative figures, we could easily have 300mmbo in Amistad based on the net reservoir increase and then multiplied by the better recovery factor if it proved accurate. Hence we could be considerably north of 500mmbo in Amistad.

When management say this discovery is globally significant it’s not an understatement. I see similarities to other major carbonate platforms like those in the Middle East. The oil window could be down to 5-6km depth and hence Marti could extend deeper or further potential below exists.

Best of luck holders

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I need you to help me reconcile my ocd by clicking the “Held” disclosure next time you post mate

MAY Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $87.62M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.6¢	$40.62K	1.529M

Buyers (Bids)

No.	Vol.	Price($)
1	318747	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	15000	1

View Market Depth

No.	Vol.	Price($)
1	318747	0.026
9	911058	0.025
10	2149035	0.024
11	2487925	0.023
5	1383637	0.022

Price($)	Vol.	No.
0.029	294071	4
0.030	1280000	6
0.031	442661	2
0.032	1503548	6
0.033	66600	1

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