The problem as I see it is that even the most favourable announcement on resources, such as the revised estimates just for 1B released yesterday, has virtually no impact on the SP. None at all. So from the share price perspective, it seems not to matter whether we are sitting on an elephant or a donkey. Until the market can be sure that the asset can be monetised, I suspect that is what we have to live with, almost irrespective of what the results for Alameda and Marti show. And no big beast will come in with a takeover bid until they are convinced that oil from Cuba can be satisfactorily monetised.
So we just have to chill out for a few more months. But I'd still like to know what VOGC thinks!
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