Ann: Appraisal Program for Block 9, Cuba, page-182

Here's my take on today's AP Webinar

1. Experience acquired - Now at the Business end
2. 6.6 Bil barrel estimated in the earlier discovery = @ 5% = 388 Mil barrels = the standard in Cuba
3. Good equals Production - DATA is 1st requirement
4. Drilling rig maintenance program to be completed - Est Feb 2023
3. New exploration wells to be drilled at Amistad, Alameda and Marti to find well appraisal characteristics
3a - Quality of Oil
3b - Sense of flow pressure/reservoir of performance
3c Well duration of steady supply
4. AP fly's back to Cuba end of next week to consolidate plans to move forward with partners
5. Zapato - Determined depth reached - Because of tough volcanics it took longer and 50% over budget - "It's not a dry hole" once expected production on Alameda gets going will come back to Zapato to drill into the anticipated oil deposit for the appraisal process

This report looks OK to me & as a long term share holder l won't be selling any and will wait it out for the new year successes & good luck to all those holders not weaking to the "tree shakers" antic's.


ST