Slow And Steady, page-69

justinmetals,

I will say that if the oil were freely available too international markets it wouldn't be an issue of hedging and getting finance. Given we can only sell initially into the local market to Cupet it limits conventional finance and hedging as physical delivery is essential. Whether Cupet has the ability to lend finance for the further development later on is questionable.

I think it will come down to Chinese financing via belt and road for Cuba for any potential facility to fully develop. Belt and Road loans have been targeting energy projects in the developing world which aligns to Cubas current needs and that Chinese oil has invested in extended drilling wells in the northern fold belt. What we have is needed and much larger then the resource base of the northern fold belt.