MAY melbana energy limited
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Ann: Cuba, Block 9 PSC Update on Alameda 2 appraisal well, page-494

  1. Cosmoterios
    19,072 Posts.
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    20/02/23
    11:39
    Post #: 66345336
    You should understand this.

    MAY and JV partner ONLY has a permit to Explore!!!

    It has NO PERMIT to commercially extract and sell the oil and gas below the ground.

    The Resources (despite what you believe) belongs to the Cuban people.

    To do so, without an agreement with the Cuban Gov, would be ILLEGAL and in breach of their contract.

    MAY and JV partner could LOSE their PERMIT to this area, if they did something that silly - ie. without getting Gov permit first.

    Wish as you MAY, but there is NO WAY the other JV partner would try to commercially sell the products without Gov approval first.
    Last edited by Cosmoterios: 20/02/23
    MAY Price at posting: 8.3¢ Sentiment: None Disclosure: Not Held
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