Although this is good news and positive for reservoir rating. The main issue i see is actually extracting the oil and the cost to drill the field. This will obviously capital raising. Not my area of expertise but surely any share placement / dilution will put downward pressure on the SP moving forward.
Really interested to hear from anyone that could enlighten us in the process and the Pro's and Con's
Ann: Alameda 1 Independent Resources Assessment (Alameda Res), page-84
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