Ann: 2022 AGM Presentation, page-71

As its often the case, when I look back at prior announcements, I see details that are clearer in hindsight. The (now) infamous timelines that AP gave back in March had a 3 month gap between the (then) estimated finish of zap and flowing Alameda 2. If they get back in Feb, they wont be out that much. The 3 month rig maintenance was always on the cards.

Plus good oppurtunity to give the drillers and ground team a rotating month off after a big 12 months.





FWIW (not much on a anonymous stock form), I see recovery rates in the teens atleast for Alameda and Marti and slightly higher that average for Amistad. I see recoverable resource being 600-800 million within a year.

Also, with the step out wells being planned, the game might not be oil on trucks but reserves and getting big oil to buy the lease at an attractive price. I'm sure sonangol has a price too.

catch yas in 2023.

Its been a ride