Home Search Watchlist Advertise Feedback Profile



Melbana Energy Provides Quarterly Activities Summary for Period Ending 30 June 2023 — ASX:MAY| ASX Mining News & Discussion
L
Lykeshares Official
$MAY Melbana Energy Provides Quarterly Activities Summary for Period Ending 30 June 2023
Melbana Energy, an oil and gas exploration company with a 30% participating interest in the Cuba Block 9 PSC, has released its quarterly activities summary, showcasing significant progress in its drilling operations and potential future development opportunities.

During the quarter, Melbana Energy commenced drilling the Alameda-2 appraisal well, which is the first of two planned appraisal wells in Block 9 for this year. The well has a planned total depth of 1,960mMD (1,840mTVD) and aims to allow oil to flow from the three productive units previously encountered in the shallowest oil-bearing reservoir, known as Amistad.

A production test of Unit 1A, the shallowest unit of the upper Amistad interval, successfully flowed oil to the surface unassisted. This demonstrated the presence of moveable hydrocarbons at this level. While the recovery of oil from this shallow depth was initially given a low chance, it now presents an opportunity for future development. The productive interval ...
Melbana Energy Provides Quarterly Activities Summary for Period Ending 30 June 2023

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?