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Cuba Block 9: Alameda-3 Drilling Update 29 February 2024, page-29

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Omega66

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29/02/24

14:58

Post #: 72672904
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Originally posted by Sammystead911: ↑

Hey Mikey. I guess none of us really know, we can only base our interpretations off our own judgements. I know this isn’t an exploration well, so anyone worried if there’s going to be oil is out of their mind.

Here is what I am aware of:

- AP assembled a solid team prior to this drill. One of which is experienced in T/O’s
- The company has been decent in providing updates up until about 3-4 months back. Funnily enough, just after AP said we could expect a stream of updates to which we received 1 or 2 haha
- MAY has been in charge of the drilling as they’re a smaller and more nimble company. They are not an oil producer, they are an explorer (currently)
- Sonangol know how much oil is here and the quality of it

Logic tells me AP has something lined up whether it’s a takeover or something else. I believe it’s positive. He’s a clever man so I think he is behaving in complete alignment with a sale in mind and I think Sonangol are in the prime seat.

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Agree fully. With the stake AP has in this game, the only exit strategy that is low risk is a TO. I'm sure there's work afoot to ensure that happens. Can't see a Australian junior working long term in Cuba. All IMHO.

MAY Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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