Worth pointing out VOGC's original analysis Of Amistad's prospective value appears on point, as it appears the SP is performing in-line with his original mid-case estimates, that is a prospective resource of 100mmbbl (in Amistad) based on 137 meters of pay; Evolution capital have recently upgraded their resources estimates from 88mmbbls to 103mmbbls.
The SP reached very close to his 12.8 cents estimate on wireline logging, and could very well break through to 16 cents upon an economic flow rate announcement or even the 19 cents on the production test.
This high pressure interval, encountered in Alameda-1, is what we're awaiting flow tests on (hopefully tomorrow morning....)
MAY Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
