The bits I highlighted from the quarterly:
- During the quarter, the Company announced that an independent expert assessed the Amistad formation to have 2.5 billion barrels of oil in place and prospective resources as shown in Table 1
- When combined, the interpreted net pay intervals encountered whilst drilling the Alameda-1 exploration well total 300 mMD / 278 mTVD
- Zapato-1 is estimated to take about 55 days to reach its target depth
- The Company is progressing an update of the predrill resource assessment for the Alameda and Marti intervals and will release these figures once received from the independent reserves certifier.
- The Company had total cash on hand of $32.095 million as at 31 March 2022
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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