1. Currently completing analysis of U2 and U1B. Keen to be thorough. 2. Alameda 2 will go into production. Lift methods currently being examined. 3. Flow is good (750bbl/day) is good relative to other local peers. Pressure to be expected given quality of oil. Not surprised. 4. Keen to produce. 5. Main game is A3. That's what we are here for. A2 was unexpected to the upside but not the main game. 6. Market will eventually understand and see value.
AP - quite blunt. Clearly thinks the market is incorrectly distracted by A2, and that they should focus on A3.
MAY Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
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