This is not a wildcat. A2 and A3 are a program of appraisal wells. The company has already stated that the formations encountered are in line with expectations (with a minor +/-5m variance). There is no "new" (ASX advisable) news, per se. The company has published the drill progress and rate, which is slightly slower than expected, but has so far - touch wood - gone very well.
I am not sure why everyone has suddenly wet themselves. We will get another drill update shortly which will also include observations: these are expected to be in line with A1 observations. We will shortly receive the McDaniel & Associates report: this will be price sensitive.
regards
Kit
Cuba Block 9: Alameda-3 Drilling Update 29 February 2024, page-222
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