Ann: Drilling update at Alameda-1 - Significant Oil Interval, page-540

For all those defenders of the faith, here is something else to consider.

Firstly I will state at the outset, I have no doubt about the integrity of the management of MAY.

What no one has discussed is the elephant in the room that is Russia.

For those that don't know, the 70% holding partner with MAY is Sonangol (the National Oil Company of Angola). This is a State controlled entity. Both Angola and Cuba are politically aligned with Russia.

With Russia and NATO staring down each other, if God forbid, there is a War in Europe brought on by Putin whose ambitions are well documented, the outcome may be a disruption to world Energy supplies.

Where would the loyalties lie if push came to shove and those aligned politically with Russia ran out of oil and I'm not just talking about Cuba and Angola. Good old Cuba might consider it's best interests are not aligned with MAY.

I hope for all our sake that Putin backs down or someone else intervenes to de-fuse the bomb that is looking more and more like it may explode any day now.

I think those on this forum talking up the price, really need to re-consider the risk.