Ohhh poor Barebacker ... its all about the API ...
Alameda looks to be mostly heavy oil 16-19.8Api
Heavy crude oil has an API gravity 10.1 to 22.3° (i.e., 920 to 1000 kg/m3)
So Alameda in the upper end ..with lower Sulfur levels than other CUBAN crude
A complete assay of Amistad Unit 1B oil confirmed that the oil has API gravity of 19.8° and sulphur content of <3% and has been proven to be attractive to international
oil refineries.
(why I predict 10c+ target early 2025)
ann report>>
In addition, preparations for drilling the first production
wells into the shallow Unit 1B reservoir have continued
apace. We plan to kick that program off in late 2024 once
permitting and civil works are completed. In the interim,
we plan to undertake workover of the existing Unit 1B
completion in our Alameda-2 appraisal well. Our previously
stated ambition of 5,000 barrels of oil per day by the end
of 2024 is now probably not achievable given we were
unable to complete Alameda-3 as another production well.
However, a successful workover of the existing completion
in Unit 1B and the first couple of additional Unit 1B
production wells will hopefully see us reach that goal in the
first or second quarter of next year.
