Happy to shell out the cost or run a go fund me in order to...

First 25 Last

Share
Profile

Follow
Linebacker11

4,417 Posts.

851

18/02/24

02:33

Post #: 72465828
Share
Originally posted by Hateful8: ↑

I'd wager, comfortably, that the reported numbers are rated as "Good" for an onshore operation..
Apparently people can buy the book if they want more in depth analysis to run off?
Happy to shell out the cost or run a go fund me in order to obtain one if you wish? H8tey
Melbana Energy (MAY) completes a final flow test of lighter oil to the surface at the Alameda-2 appraisal well in its Cuban gas project
Peak flows to the surface result in 1903 barrels of oil (BOE) per day from unit 1B at an average and stabilised flow rate of 1235 BOE per day
Melbana is developing a field plan for its tenement of wells, known as Block 9, and it’s reviewing the recent testing results to accelerate quicker production

This quote is taken from The Mining Valuation HandbookbyVictor Rudenno, which is a valuable source of information on oil and gas flow rates and other aspects of investing in mining and energy stocks:
“An important aspect of oil production is the decline in oil production over time due to falling pressure and increasing water production.Remedial actionmay be taken to mitigate the decline rate. However, production will decline over the life of the field at a geometric rate.Common practice in investment analysis is to use a 15 to 20% per annum decline rate when specific details are not known and assume that some 20 to 30% of the field’s reserves are produced in the first 12 to 18 months of production.”
If you’re looking for more detailed information about investing in these sectors, consider purchasing a copy of this book for future reference.

Expand

Happy to shell out the cost or run a go fund me in order to obtain one if you wish?"
I'd wager, comfortably, that the reported numbers are rated as "Good" for an onshore operation"

... wager ?! ... so what do you think you maybe doing holding stock ?!! ... unreal ... tone-it down H8 ...

... so you go read all the books you want that may make you feel good H8 ... I'll stick with the market !

... and what may the market be saying atm ...

... MAY have been performing extremely well operationally imo ...
Last edited by Linebacker11: 18/02/24

MAY Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply