MAY 10.0% 2.2¢ melbana energy limited

Ann: Appraisal Program for Block 9, Cuba, page-30

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    And the 360m bbls is based on only 5% OIP recovery.

    I don't think too many believe it will be 5%, we weren't seeing bitumen over the shakers.

    Add in the high pressures and I think we will be the other side of 10% at least.

    My guess is the SP is bouncing on bottom now and will move up significantly as we get closer to kick off.

    DYOR.
 
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