Yes 18API flowing from 4km down a hole when Saudi Arabia and any heavy oil prospect flows close to surface at 800m to 1.5km down. Any idiot knows that them getting any oil out at depth at a feasible rate won’t happen. Now is the question that they need to raise money and before you tell me they are producing, 5 million dollar revenue makes this a 30 million dollar market cap and still burning money
Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-321
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Mkt cap ! $74.14M | |||
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