This is from an ANN in June 2014. It shows that the oil is...

This is from an ANN in June 2014. It shows that the oil is definately there and it can produce commercial quantities.

"The Malolos-1 well has again demonstrated that it can produce oil at commercial rates. The well haspreviously produced approximately 200 barrels of oil per day on several occasions but only for shortperiods. Oil flow has been impaired when the perforations within the wellbore at the sandstonereservoirs become blocked with formation fines."

If they can drill this hole with no "fines" to block it, then I can't see any reason why we can't make a good solid profit from this well. Keep in mind, if this does come to fruition, they have many other sites in the area that can also be drilled in the SC44 area.

Fingers crossed everyone, it's getting closer..