Happy not to be deluded. Al2 drill format is slow. Those who think a sudden gusher with a commensurate SP jump simply don’t. This rig doesn’t use LWD, presumably it doesn’t have the technological capability. They don’t have 3D coverage so how are they going to decide when to core?. Run underweight and watch the shakers? When they do core they have to pull the drill string and change the bit. So what happens to the core, does Cuba have the lab to evaluate it?. The Yanks won’t. Mx in the past have refused to give guidance on any discovery, instead they wait for the in-house geo team to do their volumetrics, that’s over a month followed by another month for McDaniels to do the same and this is without the delay for lab results. Then they do a flow test and then repeat the whole process after shut ins etc, twice over. The real prize is of course in the 2 deeper structures. What you think is irrelevant to me and I am in no position to guide you but I certainly won’t be gushing on HC for many months. I see that as pragmatism, not an absence of happiness. MAY has enormous potential, I will be happy when they deliver. On that criteria so far, no one should be happy.
MAY Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
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