morning traders 23 / 11, page-181

MAY,
Has got a few projects on the go:

Cuba
✓ Only ASX listed company with Cuban energy exposure
✓ Block 9 exploration potential increased 50% to >12 billion barrels of oil-in-place and Prospective Resources of >600 million barrels (unrisked Best Estimate, 100% share)*
✓ Priority drill targets identified: ▪ Alameda Prospect ▪ Zapato and Piedra Prospects
✓ Targeting drilling of up to 2 wells commencing in mid 2018
✓ Further Farmout process commenced, data room open

New Zealand
✓ High impact Pukatea-1 prospect expected to commence drilling mid-January 2018
✓ Pukatea has a Best Estimate Prospective Resource of 12.4 million boe* (unrisked, 100% share)

Australia
✓ Beehive prospect located in WA-488-P is potentially the largest undrilled target in Australia
✓ Farm down negotiations underway which, if successful, would result in one or more parties farming into WA-488-P to fund future field activities

Cash (30/9/17) ~$6m