Ann: Block 9, Alameda-3 Appraisal Update, page-298

First 298 Last

Share
Profile

Follow
Cosmoterios

19,072 Posts.

2666

18/06/24

12:15

Post #: 74367924
Share

Originally posted by Cosmoterios: ↑

the oil they found is very similar to Venezuela crude oil of between 15 to 24 API, even similar sulfur contents.

so they will use similar technics to the Venezuelan to extract it

note, Venezuelan have been extracting crude oil ranging in 15 API to 24 API for decades, and they also have the largest oil reserve in the world - even Saudi Arabia have heavy oil fields that ranges between 10 to 20 API.

and this discovery of May is on multi-levels; at least 5 levels.

the great thing about having them at multi-levels is, you can save on costs - labour cost is low any way in Cuba
there is definitely oil there - no doubt; the issue is working out how to get it out of these multi-levels.

they might need to side-track the hole a few hundred metres to conduct another flow test on the Marti, at a different location, if they can't solve the emulsion issues.

ok, the market won't like the wait, but this drill has been delayed for months now, so might as well finish it

further note, if they can flow at 1500 barrels per level, that would aggregate to 7,500 barrels per day, over 5 levels - and with a little acid stimulation, who knows what could happen.

finally, limestone can easily be broken down by simple mild acid treatment like lemon juice.

Expand

For those who don't know what Limestone is:

Here is a Demonstration.

You can see how easily it breaks down in "Mild Acid"

Btw, that is how our "Caves" were created - rain water that percolate into the soil and hollow out a "Cave" from underground Limestone.

The Oil in our discovery has been trapped in "Limestone" (refer to page 3...fractured limestone).

All we have to do to release it, is pump in mild acid to loosen the Limestone (refer to video above).

MAY Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

Markets were expecting Trump to bomb Iran. It's just another new normal

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

ASX Market Close: Middle East War rattles investors | June 23, 2025

MPK

Many Peaks accelerating gold hunt in Côte d'Ivoire after assay 'justification'

ASX Market Open: Futures rocket on 'total and complete' Israel-Iran ceasefire | June 24

First 298 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $74.14M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	161326	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	121327	2

View Market Depth

No.	Vol.	Price($)
3	161326	0.023
21	4698846	0.022
6	683998	0.021
7	1870998	0.020
3	357947	0.019

Price($)	Vol.	No.
0.022	121327	2
0.023	1436587	5
0.024	280100	5
0.025	2852013	12
0.026	1483723	7

Last trade - 09.39am 24/06/2025 (20 minute delay)

MAY (ASX) Chart

Day chart unavailable

Ann: Block 9, Alameda-3 Appraisal Update, page-298

Top Stories

Markets were expecting Trump to bomb Iran. It's just another new normal

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

ASX Market Close: Middle East War rattles investors | June 23, 2025

Many Peaks accelerating gold hunt in Côte d'Ivoire after assay 'justification'

ASX Market Open: Futures rocket on 'total and complete' Israel-Iran ceasefire | June 24

Buyers (Bids)

Sellers (Offers)