Ann: Block 9, Alameda-3 Appraisal Update, page-285

Unfortunately it seems this deal/FID etc all hinges on A3. I’m hopeful of strong results in alameda tests at around 3500 3300 and 3200. Mud intrusion should be less and I know they upped the mud sg after alameda liner string was set. Furthermore, the perf gun should bypass any intrusion and I wouldn’t be surprised if the results are outstanding in 3/4 zones especially the lowest zone where fractures are huge - we know to date 1/4 is paused pending some wash out job which will require removal of production tubing and packer then circulation of acid wash da da da.

However, Im pissed as I thought this was all part of conditioning the well!? And, after coring, mud samples, cuttings analysis this reeks of incompetence or even a sabotage job. It doesn’t stack up. Not to me. I’d have thought experts should have expected mud emulsion blockages formation damage intrusion etc and planned accordingly. That’s why I accepted they were taking their time, for conditioning etc. apparently not.

buy/hold well under true valuation just for the upper sheet.