I think the announcement on the 4th of August confirms that the upper sheet is another Varadero style field imo. So looking in the billions of barrels. Remember Varadero has and is what is propping up Cuba with 45,000 barrels production a day which is only 30% of what they actually need etc.
Can allow Flambeau and whoever to scoff or whatever but that announcement on 4th august almost confirms that. What is the aerial extent now its kilometres and kilometres of oil with 1A alone 125 metres of net pay.
I'm not convinced we will get an announcement by the 10th be nice but I feel we may have to wait to they have perforated and tested each zone.
However risky to do as there's already someone at the well site taking picture not hard to get word out.
MAY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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