Sorry but that is not the case at all go back and read the release on the 16/2/23.
The heading might give you a hint. Cuba,block 9 PSC update on Alameda 2 APPRAISAL WELL.
So, this well is all about logging the net pay zones this will assist further with appraisal and production activities.
If successful, allowance will be made to keep Alameda 2 as a FUTURE oil producer.
It is also planned to complete the plug and abandonment of Alameda 1 whilst the rig is on station.
Lot of folks on here don't seem to grasp that oil and gas drilling does take a long time to tick all the necessary boxes to becoming a producer.
There is also a matter of applying for a permit in becoming a producer.
Hope this helps. Reply to SUS.
Sorry but that is not the case at all go back and read the...
-
- There are more pages in this discussion • 106 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MAY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $21.22K | 931.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3584481 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1992649 | 11 |
View Market Depth
| Last trade - 15.44pm 30/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |