Ann: Beehive 3D Seismic Survey Contract Awarded, page-11

Cuba is near appraisal status with known reservoir, trap and seal, hence high COS and lower risk to find commercial HCs , but it is higher risk geo political ...we currently own 100%, at time of first spud we will be down to nearer 25% IMO.,which is absolutely still anough equity for a company maker....
Low capex required here to tie into already in place infrastructure...

Beehive COS is currently 21% % which is pretty respectable but still high risk for the play but low risk geo political ..
What we need from the 3D seismic is to derisk it further, ......
Plenty of wildcat and exploration discovery’s been discovered on 21%-24% COS ! More though on nearer 30%....
If we can get the 3D to prove it up further in both Derisking the chances and increasing the size of the prize , then it’s most certainly game on....size of the prize is massive already, it won’t get smaller that’s for sure after the 3D results.. , however will require hell of a lot more capex here on commercial success..

Both these plays are absolute company makers and there is nothing on ASX and I also feel on AIM that comes near here when you compare apples for apples for future company making potential vs current market cap...

Message needs to go out..
RZ in London this month...corporate updates hopefully coming !