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How Did Melbana Energy Confirm Oil in the Amistad Reservoir? — ASX:MAY| ASX Mining News & Discussion
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$MAY How Did Melbana Energy Confirm Oil in the Amistad Reservoir?
Melbana Energy's Alameda-3 Drilling Update: Confirming Oil Potential in Cuban Reservoirs

Melbana Energy Limited, a key player in the oil exploration sector, has recently provided an operational update on the drilling activities at Alameda-3, a well within Block 9 PSC in onshore Cuba. This update comes with significant findings, further cementing Melbana's position in the region.

Confirmation of Oil Reserves in Amistad Reservoir

Melbana Energy has successfully completed flow testing of Unit 3 of the Amistad reservoir, meeting all set objectives. The test confirmed the presence of moveable oil, similar in quality and reservoir conditions to that observed in Alameda-2.

Significance of the Findings

Andrew Purcell, Executive Chairman of Melbana, emphasized the importance of these findings. He noted that the results validate their geological model and confirm the decision to focus on developing the lighter oil in Unit 1B of the upper sheet, known for its typical Cuban oil characteristics.

Geological and Technical Insights

The DST in ...
How Did Melbana Energy Confirm Oil in the Amistad Reservoir?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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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.
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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
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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
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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?
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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...
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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?