Yeah like LRS really good sign strong buying ..must be update coming soon
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The Loose hands are likely providing a good top up opportunity in near future for those with a bit of patience IMO
Let's see what their games produce on the SP :)
Something similar here too, the next 6 months after the dip showing large gains
MAY have further release today on Zapato and being quite a communicative stock
the progress reports may well point to better reflection of true value ahead
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Zapato-1 Exploration well on track to spud end of May
Are you still keen on this one JB and nztx?
Yep still in here - I'm with JB .. wouldn't surprise if better things as 2022 goes on &
the Market gets over it's nervousness .. recently bought some more to top up too
Can't see too much adverse in recent releases - possible reasonable upside
as market recognises real value as it unfolds IMO
Let's face it AVZ is out of play while a few games of tiddlywinks get played in DRC
while it remains suspended, but really dont see many issues with this one :)
Possibly investors looking at other good potential companies out there now, who knows
Yep purchased more recently >> OIL Price well supported with so many potential factors that could see it much higher >>
https://themarketherald.com.au/melba...-1-2022-05-23/
Alameda-1: Independent Resources Assessment (Alameda Reservoir)
Highlights
• Independent reserves and resources expert McDaniel & Associates has made the
following assessment of the second of three oil reservoirs encountered by the
Alameda-1 exploration well in the Block 9 Production Sharing Contract (Block 9 PSC)
area, onshore Cuba:
− 2.3 billion barrels of oil in place
− 148 million barrels of Prospective Resource1,2
− 56% chance of discovery6
• The first two reservoirs (out of the three encountered by the Alameda-1 exploration
well) have now been independently assessed to contain a combined:
− 4.8 billion barrels of oil in place
− 267 million barrels of Prospective Resource1,2
Actually scary accurate what you said there about AVZ - MAY has had my full attention over the last 6 weeks whilst AVZ is in halt. So far so good.
I also dont see any long term issues with AVZ but would be nice in the short term to release 3 announcements in a row. ML / BFS / Favorable arbitration outcome
It will be interesting how the market rates AVZ once it restarts trading & what Announcements come out
at that point .. it's possible it could come romping out the starting gate on the right news..
Have exposure to both MAY & AVZ (a reduced small wait & see pre-suspension)
I like the captive market with MAY - no Greenie nonsense in Cuba - international pricing
and overflow into selling excess internationally, once things get pumping and reserves
are more fully ascertained.. plus lots more in possible offshore Cuban exploration assets
that haven't been looked at .. something that has not even come into the SP equation yet.