I am going to say a few words here from the last announcement. The 610m net oil has been doubly confirmed from two seperate drills so it has disappeared. We are producing Amistad upper sheets 46mil barrels and then prove out lowee sheets 120m barrels. Then dont forget about zapato.
The plummet from 7c to 1.9c was due to a lost of hope and capitulation. Most sold thinking its the end of the company.
However the latest announcement announce we are producing end of year, we have the cash, Sonagol will proceed to chip in 70%. We will shoot 3D and the investigation why no oil flowed from 610m net pay willbe completed. If a solution can be found we could sell 10% to fund new production wells free carried. Then > 10c. Sadly if only could flow A3 then we can dream again.
Bee hive drill happens 2025 and if its siccessful will light up the two neighbouring wellls we own
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