@afawcett - TBH - this is a total waste of time (as is this...

@afawcett - TBH - this is a total waste of time (as is this whole thread, which is now littered with insults and inuendo from non-holders). ASX Listing Rules would never permit such a meeting, and even if it was legal the Directors would be foolish to enter into conversations with individual investors at this stage.

I suggest that we all just let the company get on with their job, without slandering them invidually or as a collective. Equally, I suggest we ignore the newcomers to the MAY threads who don't hold, have never held, and have no intention of holding. They are just here to play a public game of Choke the Chicken and get their jollies from other people's misfortune. Sad.

As for the company: they have provided a good roadmap which deals with the current circumstances. AP has been quite clear that his preference is to keep A3 open for accessing Marti and Alameda (via remediation) as opposed to simply using it as another, quite expensive access point for Unit 1B. Unit 1B can, as the company has pointed out, be more easily accesses via a series of shallow, "simple" wells (ref: page 13, Shareholder Webinar Block 9 Update, 11th July 2024). Some of the new pads have been approved, and some are in progress, and I think we will hear more about pad construction (infrastructure works) in the next few weeks and months. The hint in the webinar is that Sherritt-1 will be available again in late September, and it is likely that planning is now underway regarding the next pad from which U1B will be accesses. Spud in late October or early November, at a guess. Current pad is currently being reconfigured towards production from A2/1B. A3 is shut-in, not P&A (as some have incorrectly stated) and awaits a remediation plan.

A total of seven wells, including A2, to access 1B (and perhaps 1A) by the end of 2025. That's six more wells, most likely from 3 pads (Pads 2, 4, and Pad4N, followed later by Pad2S and Pad8). We do not know the flow rates for any of them just yet, but the great unwashed here have suggested 300 bbl/day, but this ignores the concept of assisted lift (the Boca de Jaruca oil field, Zarabezhneft working with CUPET, used catalytic aquathermolysis to increase heavy oil production from its horizontal wells, and there are other examples in Cuba where mechanical lift (nodding donkeys) have been used to improve flow rates). The initial export frequency has been stated as "every other month" with a 5,000 bbl/day inflow, and given that it is flagged to take place in March 2025 (ref page 16), and is likely fed from only 2-3 wells at that point (assuming completion of 2 more upper unit wells by that time), you can assume - broadly - that the flow rate per well is something around 1667 bbl/day. Maybe slightly more, maybe slightly less (1250 bbl/day if four wells are online by then) - but there must be some company assumption that has allowed them to arrive at that number. And that assumption is backed by a plan.

I don't know what more information people want. It is all there; at least, as much as they can give us. AP was also very clear about the accounts and current liquidity, and very clear about the lack of need for additional capital. So for people here to suddently have knowledge superior the Board is astonishing.

At this stage - you are either in for the long haul or you are not. This is not a short term punt, so abandon all hope those who think it is. Realistically, this is a slow grind until the end of 2025. Eighteen months of slowly building a production base out of the upper units, whilst seeking to access and test the lower units. It is as simple as that. No amount of "meetings with AP" or "meetings with the Board" will change that. Let the company do their job.

Best regards to all holders.
Kit.