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Why Melbana Energy is Commencing Early Production and Spud of Alameda-3? — ASX:MAY| ASX Mining News & Discussion
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$MAY Why Melbana Energy is Commencing Early Production and Spud of Alameda-3?
Melbana Energy Limited, an energy company operating in Cuba, is making significant progress in its Block 9 project. They have announced plans to commence early production from Unit 1B in the Amistad reservoir and to spud the Alameda-3 appraisal well in November 2023. These developments mark important milestones in their exploration and production activities.

Early Production and Stabilized Flow Rates:

Before commencing drilling operations for Alameda-3, Melbana Energy will start early production from Unit 1B in the Alameda-2 appraisal well. This decision is based on the favorable results achieved from Unit 1B, which demonstrated stabilized flow rates of approximately 1,235 barrels of oil per day. These flow rates are significantly higher than the average for vertical wells in Cuba, and it is expected that horizontal drilling in these reservoirs will further increase the flow rate. Additionally, the quality of the produced oil is noteworthy, with an API gravity of 19° and viscosity ...
Why Melbana Energy is Commencing Early Production and Spud of Alameda-3?

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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?