Reserves don’t mean much at B9.
What is the API? What is the flow rate? What % is recoverable? And what price can MAY get per barrel?
There are plenty of examples of wells producing for months versus the years that has been invested for. FAIL.
Maybe MAY should try to find an exit from Cuba. Instead of trying to CONvince the ASX, try CONvincing the Cuban government with stories of high API, and high flow rates, and a billion barrel resource.
Maybe the Cuban government will compensate MAY to the tune of $50m.
What a shite show MAY has continued to be.
Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-492
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