Looks a reasonable timeline to me, although most of my O&G...

Looks a reasonable timeline to me, although most of my O&G investments have been at much shallower depths.
Interesting to note that Sonangol has been seeking a prospective resource in Cuba since 2015. They rated prospects and went with MAY as their first JV in Cuba (Sonangol has JVs with Total & ENI and discussions with BP all in Angola & other parts of Africa). Sonangol covers 85% of costs to get 70% of effective control - which is a much lower cost/risk to MAY. Sonangol contracts a multinational drilling team to get the job done, (like it has in Cuica, Angola to 4,100m depth). The recently announced drilling contracts in Sonangol JVs in Angola & Sao Tome are around US$131 million (not small beer money). The Cuba drill with MAY is a big initiative by Sonangol and not taken lightly at all. The political kudos of Angola-Cuba is also significant and has resulted in less Cuban regulation & control - also to MAY's benefit IMO. As the second largest oil producer in Africa, Sonangol pays to get results and they know what is being targeted in all grades at different depths. This is the biggest oil & gas play I have invested and a serious game changer for many of us. Interesting times ahead indeed .....
GLTAHs
GLTAHs