MAY 6.06% 3.5¢ melbana energy limited

The most highly energised of the entire well...

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    The most highly energised of the entire well ...................second drill is primed for action hang on this will be big


    Melbana Energy’s Executive Chairman, Andrew Purcell, commented: “We’ve reached the end of the drilling phase of the Alameda-1 well – a challenging but rewarding journey, to be sure. Yesterday we were prepared to keep drilling ahead beyond the target depth given we were still in the reservoir, if it could be done safely given the rapid build up in pressure, but when this looked like encroaching on our safety margins the decision to call total depth was made for us. In any case, 300 metres of highly energised interval (the most highly energised of the entire well) with excellent oil indications intersected in this objective gives us a total of three significant intervals in this first well.”

    Its full control of the monster this time now they know what to expect
 
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