Home Search Watchlist Advertise Feedback Profile



Can Melbana Energy's Alameda-3 Well Redefine Cuba's Oil Reserves? — ASX:MAY| ASX Mining News & Discussion
L
Lykeshares Official
$MAY Can Melbana Energy's Alameda-3 Well Redefine Cuba's Oil Reserves?
Melbana Energy Limited Prepares for Alameda-3 Appraisal Well: Unlocking Potential Oil Reservoirs in Cuba

Melbana Energy Limited (ASX: MAY), a significant player in the oil and gas industry as a 30% interest holder and Operator of Block 9 PSC onshore Cuba, has unveiled its strategic operational update. This update revolves around the highly anticipated Alameda-3 Appraisal Well, set to unlock potential oil reservoirs in Cuba.

Alameda-3 Appraisal: A Significant Milestone

In the coming week, specifically projected for the week of 11 December, Melbana Energy is poised to commence the Alameda-3 Appraisal Well. This operation holds paramount importance as it seeks to appraise the deep Alameda and Marti reservoirs, both previously discovered by Alameda-1. These reservoirs have been independently assessed, boasting an impressive 179 million barrels of Prospective Resource (Unrisked Gross Best Estimate). These estimations, while promising, come with associated risks, requiring further exploration and appraisal for potential development.

Andrew Purcell, Melbana Energy’s Executive Chairman, ...
Can Melbana Energy's Alameda-3 Well Redefine Cuba's Oil Reserves?

L
Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
L
Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
L
Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
L
Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
L
Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
L
Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
L
Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?