Unfortunately shareholders seem to be tired of delays that are necessary given health and safety requirements.
The webinar was informative and it looks like they are trying to avoid the faulted/fractured section of the Marti reservoir to prevent the same issues occurring and also a stronger more durable BOP. There was in interesting point raised on the orientation of the A-3 well as it diagrammatically seems to be only testing the top of Marti but largely following a-1. I think they may drill along the Marti crest for a bit to get a more production well type result. Either way they are avoiding the fractures due to the issues encountered.
I think there needed to be a question on the fractures encountered at Marti and whether they are deemed to be in communication with the formation water or if the well did hit formation water.
I also hoped for some more information on the upside of the remainder of block 9.
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- Ann: Appraisal Program for Block 9, Cuba
Ann: Appraisal Program for Block 9, Cuba, page-166
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