Ann: Block 9 Early Production Testing Update, page-425

Because Cuba and Venezuela will get lumped in together.

Here is Cuba with MAY and AAU trying to encourage some subject matter expert type companies to come in and help them exploit their resources and promises there is no sovereign risk they’ll get to keep their percentages and be treated fairly and equitably. If you’ve got Venezuela about to invade a neighbouring English speaking democracy like Guyana etc. It’s actually very bad press for Cuba as well. They gave MAY such a large block because they were willing when no one else much was.

IMO just speaking particularly about this geopolitical issue.

I still think MAY’s path to success is the drill bit and production. Short term speculation on Al-3 May (no pun intended) drive the share price. It might also do not much until March when you’re nearing the zones of interest Marti and Alameda. 1500 barrels per day net to MAY by the end of 2024 as well barely justifies the share price. Reserve increases by 6 fold to Amistad and a plan showing how long how much production they predict to come on stream post 2024 will. All in all it should go up the question becomes when and how much. If they hit their aim of $1bn within 3 years it’s 4-5 bags from here not bad for being patient.