After yesterdays close I was sure that MAY was entering a consolidation period. It has run strongly again today hitting 10.2c at one stage. Surely it can't keep this up?
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After yesterdays close I was sure that MAY was entering a consolidation period. It has run strongly again today hitting 10.2c at one stage. Surely it can't keep this up?
Low/Hi today so far 9.3c/10.3c, currently 9.8c
Who, What ? Aye ? :)
Don't shoot, I just the hawk hanging around here with a small claw in the action :)
JB may know ?
tge ? API in Cuba esp in the recent history has been lower sub 22 API aka heavier crude oils(as to why Alameda-1 has only been given 5% prospective to the Billions barrel discovery) ... many signs from the deeper sections of Alameda point to higher APIs = medium API = higher prospective oil resources (IMHO 500-600Mmbbls)
Block-9 has had histrionic upper sheet drills return 22-24.5 API's in the past so Medium weight oil .... And as its known generally the deeper higher pressure hotter traps of Oil are lighter API grades than upper .... the heaviest of course the likes of TAR sands near surface
Yes Cuban risk factors certainly in play much like African operations .. but thats where one must look these days to find the Monster Oil Discoveries ... you just don't get these monster Billion bbl discoveries onshore USA etc
Cuba Badly needs foreign capital injections and esp now with Russian being cut-off and restricted from Invasion Uk ... I'm confident Cuban officials + CUPET - SGL will bend over backwards to see Alameda into major production ....
but first we must know Pressure, porosity & permeability of the traps to work Recovery factors
If Good as we HOPE then it will be one of the greatest onshore oil discoveries in recent history...
– independently assessed resources(gross unrisked) OIP = 6.3Bill bbls
CUBA STANDARD — In what company CEO Leon Binedell hailed as “the best financial metrics since 2014,” Sherritt International Corp. posted a CDN$16.4 million profit on nearly doubled revenues in the first quarter, a turnaround from a net loss of CDN$1.9 million in the same quarter last year.
The Toronto-based mining and energy company — Cuba’s largest foreign investor — is seeing a boost to its bottom line thanks mainly to rising nickel prices, up nearly 50% from a year ago. Cuba sits on the world’s fourth-largest reserves of the metal, a key ingredient for battery production, while recent sanctions turned Russia — the third-largest nickel producer — off limits for most of the western world.
A Lightning strike started the fire at the storage tanks from memory
Look at the finish today, I am happy as I have a good parcel of these but I am also waiting for the downside.
Rig and drilling announcements to look forward to soon.