MAY 4.35% 2.4¢ melbana energy limited

This Train at stoppin till 6.5 cents then express to 9.5 Cents - Stand Clear Please, page-72

  1. 331 Posts.
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    Hi mickeebee,

    Posted the comment below on another Thread yesterday.

    I ran some basic numbers a few months ago and posted them but considering what this well has potentially discovered in the Upper Sheet and might have in the Lower Sheet we really need more well results and information from MAY. IMO making an assessment at this point in time is just too problematical. This obviously relates to size of any confirmed discovers but also very much to the Recovery Factor. MAY have used a RF of 5% - which is based on various fields in northern Cuba - it could be considerably better than this - and increase volumes significantly.

    Sorry, not really able to help you out on this at the moment.

    Cheers
    VOGC
 
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