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Melbana Energy Reports Significant Increase in Net Pay at Alameda-2 Well — ASX:MAY| ASX Mining News & Discussion
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$MAY Melbana Energy Reports Significant Increase in Net Pay at Alameda-2 Well
Melbana Energy Limited (ASX: MAY), the operator of Block 9 PSC onshore Cuba, has announced a substantial uplift in net pay at the Alameda-2 well. The company reports an increase in logged net pay for Units 1A, 1B, and 2 of the Amistad interval to 243 meters, up from the previous measurement of 84 meters. The total depth for Alameda-2 was reached ahead of schedule, and the logging of Unit 3 has been completed.

Positive Logging Results

Melbana Energy obtained excellent quality logs throughout the entire Amistad interval, allowing for a significantly increased calculation of net pay. The net pay estimate of 243 meters for Units 1A, 1B, and 2 marks a threefold increase compared to the previous measurement. If the natural fracturing encountered is taken into account, the number increases to 538 meters.

Flow Testing and Future Plans

Flow testing of Unit 3 is expected to commence by the end of the week, ...
Melbana Energy Reports Significant Increase in Net Pay at Alameda-2 Well

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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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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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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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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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$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?