Ann: Block 9 Commencement of Alameda-3 drilling, page-72

justinmetals,

Hopefully we get a decent upgrade come mid February, getting medium quality low sulphur crude is a big bonus and also matrix fractures with good communication and pressure gradient.

These alone should make recoveries above 15%. Also note that Marti/alameda have a 7% recovery factor so the reservoirs here are deemed better with probably medium/light oil. Hopefully we get a much better outcome this time as was the case with the Amistad. Going slow and steady to get good core recoveries is key with better results of logging. We know this will flow, question is how much and >5000bopd is my hope with the pressures and lighter crude. We should remember that there was almost a blow out, which implies a possible flow at capacity of the well design. Safety is essential so they may reduce the capacity of the flow which they did in the 1B.

I'm hoping for a great 2024.

best of luck holders