Melbana Energy starts drilling at Amistad-2 production well [Yahoo! Finance]
ASX LTD UNSP/ADR (ASXFY)
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Source: Yahoo! Finance
The well is part of the Block 9 production sharing contract (PSC), which spans 2,344km² onshore, 140km east of Havana. The drilling aims for a total depth of 1,125m measured depth (MD) and targets the Unit 1B formation with a series of natural fracture systems. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Learn More Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Learn More Thor Metals Group: Best Overall Gold IRA Learn More Powered by Money.com - Yahoo may earn commission from the links above. The geological target is positioned around 850m south-west and 200m up-dip of the Alameda-2 well, near the crest of a localised anticline with significant reservoir fracturing. Melbana intends to drill a 650m MD section of Unit 1B at a shallow angle to enhance the interception of these fractures. The well design incorporates lessons from previous projects to optimise flow potential, said the Australia
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