May Chart, page-1462

Agreed the oil price is already sky high for onshore Cuba . Even if it fell to $70/b we would be making $50/b profit. The driver her is the reserve reports and extended testing about to get underway or is already underway.

Fundamentally the oil price falls are because every few days to few weeks the market is having a stroke fearing a recession.

The funny thing is there is a massive shortage of investment in oil for the better part of a decade. The oil price is not going to go down substantially in that tjme populations increased, cars in developing countries have increased and finally now planes in the sky are increasing again! Urgent air freight as well for sure with the issues supply chain wise. Russia on the nose is a perfect storm for oil prices a great time to find a massive cheap to develop oil field.