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04-08-2022, 01:39 PM
#161
Zapato 1st Drilling Update - 4 Aug 2022
Link to pdf release on ASX site:
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Sidetrack hole currently at 1942 m ; Drilling proceeding well
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04-08-2022, 04:36 PM
#162
 Originally Posted by nztx
Yes within couple weeks we should have an idea if we have yet another trap fill of OIL>>>
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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07-08-2022, 10:40 PM
#163
Black gold needed more urgently now ! 
https://hotcopper.com.au/threads/ann...st_id=62733488
That Russian Stuff burned real quickly
MATANZAS, Cuba, July 18 (Reuters) - A tanker carrying some 700,000 barrels of Russian fuel oil is delivering its cargo at a Cuban terminal, Refinitiv Eikon vessel tracking data showed, a move to ease the fuel scarcity that has forced power cuts and rationing in the island." https://www.reuters.com/business/ene...nal-2022-07-18
"Martí is a Cuban town and municipality in north-eastern section of Matanzas Province." https://en.wikipedia.org/wiki/Mart%C3%AD,_Cuba
The Cuban terminal is so close to the marti/zapato wells, this potentially means after refining, they can export pretty easily. But, it sounds like Cuba will probably buy all of the oil from Sonangol/Melbana.
https://www.nzherald.co.nz/world/lig...EWQBJCBWJNLHQ/
7 Aug, 2022 03:37 PM
Lightning strike set Cuban oil facility on fire, 17 missing
A fire set off by a lightning strike at an oil storage facility raged uncontrolled Saturday in the city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing, Cuban authorities said.
Firefighters and other specialists were still trying to quell the blaze at the Matanzas Supertanker Base, where the fire began during a thunderstorm, the Ministry of Energy and Mines tweeted. Authorities said about 800 people were evacuated from the Dubrocq neighbourhood closest to the fire,
The government said it had asked for help from international experts in "friendly countries" with experience in the oil sector.
The official Cuban News Agency said lightning hit one tank, starting a fire, and the blaze later spread to a second tank. As military helicopters flew overhead dropping water on the blaze, a dense column of black smoke billowed from the facility and spread westward more than 100km toward Havana.
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08-08-2022, 08:55 AM
#164
Originally Posted by nztx
Yes I understood Cuba imports works out at 50,000bbls per day ..... Sonangol/Melbana. could well fill this demand just from the two wells(If ZAPATO is a discovery) if they drill enough development wells they should easy see 50kbbls per day (net 15kbbls MAY) ...
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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23-08-2022, 07:07 PM
#165
Member
JB have you converted your oppies yet?
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23-08-2022, 07:45 PM
#166
Originally Posted by Paddie
JB have you converted your oppies yet?
Sold them ages ago and just purchased more head shares ...they were always priced pretty high Vs time to expiry ...but I'm sure many are raising funds at present to convert ...some 400mill+ - $14mill AUD to come in if all converted
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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27-08-2022, 10:01 AM
#167
Member
Some real doom and gloom over at HC!
I personally am excited about the news flow to come. Options Handbrake comes off very soon. Must be due for another webinar from AP, I assume after announcements around Sonangol/Govt meetings. Plus Zapato imminent news. SP only matters if you have to sell.
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27-08-2022, 10:57 AM
#168
I contrast MAY against what is being seen with other energy stocks - WHC & WDS
All going well, MAY could be joining those in producing status with a captive market
in place. Granted the Cuban economy is in a mess and tank fire, high oil prices
dont help. 8.2c may well be the steal of the decade for those prepared to ride
with the project progressing..
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27-08-2022, 03:08 PM
#169
Member
Originally Posted by Sous87
Some real doom and gloom over at HC!
I personally am excited about the news flow to come. Options Handbrake comes off very soon. Must be due for another webinar from AP, I assume after announcements around Sonangol/Govt meetings. Plus Zapato imminent news. SP only matters if you have to sell.
I couldn't agree more, we know that we have found oil and plenty of it. Zapato is a bonus if it comes in, the sooner that we get to producing the sooner we will rerate and significantly. I am sure that in the current market all parties will be keen to start pumping it out of the ground ASAP.
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27-08-2022, 07:49 PM
#170
Originally Posted by Sous87
Some real doom and gloom over at HC!
I personally am excited about the news flow to come. Options Handbrake comes off very soon. Must be due for another webinar from AP, I assume after announcements around Sonangol/Govt meetings. Plus Zapato imminent news. SP only matters if you have to sell.
Yes we will have a MASSIVE rerate if Zapato hit major OIL shows then large intervals like we already have with Alameda well
.... would prove up the whole Block as being oil bearing across muti structure zones ..talking many Billion's barrel of oil .... massive for Cuban ...internationally headline news ..
think a major O&G player would make an offer MAY mgmt/board couldn't refuse ...
you just got to do the numbers for every 100MMbbls oil net @ $10 USD IGV = $1bill USD ....
MAY marketcap =$$233mill
Certainly market giving large discount being in cuban ..
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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