Based on the trading halt release it is not 1, as it is an update on the alameda 2 drilling program, which reached total depth before they started appraisal. If it was rigs being taken off us by the Cubans it would be an update about the Marti drill program.
It mentioned appraisal of results in the 2nd dot point from memory so I can only assume that it is what it is about. If this is commercial and free flowing they can use this well as a production well albeit less effective than a horizontal drill and truck it to the refinery to build some cashflow.
Could one or two happen yes? But I don’t believe in any shape or form that the trading halt request indicates that it is what they wanted the trading halt for.
MAY Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
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