I thinking we will open on Monday into a "Trading Halt" with an updated resource assessment of the Upper Sheets.... where seen a Great Oil interval and high Gas pressures ....
Very possible, or Tuesday as some on HC have suggested.
Very possible, or Tuesday as some on HC have suggested.
Could be an interesting week ahead
Yes TH Monday ... news Tuesday is my pick then within couple weeks the same ... some of the BIG 2-3mill purchases I was watching go through last couple hours ... very exciting ..15c my retirement target ...yet I think it could well double that if they have hit the upper target range and we see re-rate of the whole BLOCK-9 with several more potential drill sites ... Billion barrel etc
Last edited by JBmurc; 12-02-2022 at 12:20 AM.
"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
probably among better I have seen, with maps, diagrams and an interesting summary
Block 9 with Alameda / Zapato drill sites & prospects are not all these guys have
It looks like MAY were early entrants into Cuba in 2015, so got to secure pretty good prospects,
established good connections with Cuba National Oil & Cuban Authorities.
They have further interests in addition to Block 9 -
Santa Cruz (offshore) Cuba 100%
Beehive Royalty - potential payments
Ongoing Royalty / Residuals in Aust permit interests sold on AC/P50 & AC/P51
In the time since, there have been further announcements by MAY on ASX
and of course OIL has risen, and Drilling has gone into high gear.
At the time the Reddit user posted the article, it looks like SP was around AU 2.0 c
Without seeking to ramp things - the possible future value (if Alameda proves to 3/3)
just on Block 9 looks fairly interesting in the very least to current SP levels
JB - 15c may be a bit short of where this ultimately could go - who knows
I am not so sure about the afternoon announcements? The last few have come out within a few minutes of the market opening, we will see in time but I would certainly a TH before the weekend. It has been a good run of late and I am not fazed at all by a down day today.
Originally Posted by JBmurc
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