Hey guys,
New Webinar by CEO was loaded a week ago for everyone to watch below:In summary. Because I cannot post up webinar I have made some points below for summary as it was moderated before. Below without Webinar:
1. CEO stated that they expect to appraise 267 million oil barrels which he says is the largest in more than a decade
2. CEO states that production will start straight after appraisal with trucks to begin to move 1000 barrels a day.
3. No setup costs and Cuba have all infrastructure ready to go
4.CEO states that share price on previous well was 4 times current price and was looking to see the share price move towards second well
5. CEO states late Jan /Feb to start drilling and by March to allow the flow for oil continue into production
This is a big 7-8 weeks for the company and a fantastic sign directors bought on market plus the new hires.
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