Ann: Block 9 Alameda 2 Increase in Net Pay, page-341

I’m not an oil guy either. Anything more than 1000 bopd in the upper sheet is going to be fine and this onshore drilling is cheap with cost of production less than $10/ barrel. Production wells could easily be completed in a matter of weeks not months and I know they’re in the process of permitting for another three or so pads.

I’d guess field development could result in 50,000 bopd easily within a few years and coincident with pipelines.

This is just upper sheet too. They could get the same out of the deeper plays.

The interesting thing will be - is unit three export grade or heavy? Alameda and marti are almost certainly light and for export market.

There will be a flurry of good news announcements in the next few months and a significant SP rerate. If A3 is executed by the team without too much trouble this is going to be a huge story!! It already is with at least 600M recoverable in the upper sheet, already!!

Hopefully the bad news is over for now.