Home Search Watchlist Advertise Feedback Profile



Melbana Energy Confirms Presence of Moveable Oil in Alameda-2 Appraisal Update — ASX:MAY| ASX Mining News & Discussion
L
Lykeshares Official
$MAY Melbana Energy Confirms Presence of Moveable Oil in Alameda-2 Appraisal Update
Melbana Energy Limited (ASX: MAY) has provided an update on its Alameda-2 appraisal well, revealing significant findings regarding the presence of moveable oil in Unit 3. Initial testing suggests a potential flow rate of approximately 750 barrels of oil per day, with similar oil quality to Unit 1.

Positive Results and Potential for Project Development

The appraisal update from Alameda-2 highlights the successful confirmation of moveable hydrocarbons in the Amistad interval, similar to the findings in Unit 1A. Additionally, good quality logs obtained during the testing phase have allowed for the identification of natural fracturing, which enhances the productive qualities of the reservoir.

What makes this discovery particularly compelling is that Unit 3 was intercepted 200 meters updip and 500 meters to the south of Alameda-1. This suggests the presence of a significant oil-bearing formation, typical of what is usually produced in Cuba. While further testing is still required for the remaining units, ...
Melbana Energy Confirms Presence of Moveable Oil in Alameda-2 Appraisal Update

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?