Who else is still topping UP, page-94

AP likely dealing with 4, 5, 6, 7

As an Australian company exploring for oil in Cuba in 2024, you face several geopolitical risks:

1. **US Sanctions**: The United States has historically imposed sanctions on Cuba, which could affect your operations. Changes in US policy could impact trade and investment conditions.

2. **Political Stability**: Cuba's political climate is relatively stable but can be unpredictable. Any changes in leadership or policy could affect business conditions.

3. **Economic Conditions**: Cuba's economy faces challenges such as limited access to capital and foreign investment. Economic instability could impact project viability and profitability.

4. **Legal and Regulatory Environment**: Cuba's legal framework for foreign investment is complex and evolving. Navigating local regulations and potential changes in laws could pose challenges.

5. **International Relations**: Cuba's relationships with other countries, including its alliances and conflicts, could influence the business environment. For example, Cuba's relationships with Russia or China might affect geopolitical dynamics.

6. **Infrastructure and Logistics**: Cuba's infrastructure may not be as developed as in other regions, which could affect your ability to conduct exploration and production efficiently.

7. **Local Partnerships and Corruption**: Engaging with local partners and navigating potential issues of corruption and bureaucracy could pose risks to your operations.

Mitigating these risks involves thorough due diligence, understanding local regulations, and having strategies in place to address potential challenges.