Highlights
-- Approximately 100 mMD (88 mTVD) of net hydrocarbon pay in aggregate interpreted on logs across a gross reservoir interval of approximately 560 mMD (495 mTVD) in the N Structure
-- Logging shows extensive natural fracturing, an important production characteristic for a limestone reservoir of this type and one that could lead to an upgrade of the net pay estimate as the characteristics of the reservoir become better understood
-- High down hole pressures encountered lend confidence to reservoir being adequately charged to support unassisted oil recovery
-- Results of flow testing (expected to commence about mid March) an important data point for determining the reservoir’s production characteristics
-- Drilling of the remaining and largest primary target, the Alameda structure, is on track to commence by week’s end
Melbana Energy Limited (ASX: MAY) (Melbana) is pleased to provide this update on its drilling operations in its Block 9 contract area onshore Cuba.
After reviewing the logging data acquired recently across the N interval, commencing at a depth of 2,878 mMD (2,791 mTVD), the preliminary assessment is that this interval contains net hydrocarbon pay of about 100 mMD (88 mTVD) in aggregate across a gross reservoir interval of about 560 mMD (495 mTVD). This is in addition to the previously reported interpreted net pay in the shallower Amistad structure.
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