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03-07-2024, 11:26 PM
#391
Yeah I'm really looking forward to the next update on the plans going forward I'm sure CUPET will want production ASAP ... and SNGL will want to see a plan to invest into not just minor production ..
"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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11-07-2024, 05:22 PM
#392
Member
Well
if the AUD to NZD ex rate can just go from 1.11 to about 3.60 I might still be ok.
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11-07-2024, 07:32 PM
#393
![Quote](images/misc/quote_icon.png) Originally Posted by Sous87
Well… if the AUD to NZD ex rate can just go from 1.11 to about 3.60 I might still be ok.
yes bleak at present ...I have slim hopes all is not lost ...SNGL has paid MAY the funds so appraisal well will be fully paid up .. $12.5Mill in the bank end of last month
goal to have 7x wells drilled into the B1 unit before end of next year..should see 12-15,000Bopd
https://www.youtube.com/watch?v=lA_Lu08eKy0
Last edited by JBmurc; 11-07-2024 at 07:33 PM.
"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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11-07-2024, 07:46 PM
#394
2.1c a new bottom ? .. interesting opportunity for the patient or not ? ![Smile_2](images/smilies/001_smile.gif)
up just 1.1c = +50% if anyone dares ..
Where did it drop from ? Have the boys & girls all run away or just standing back ?
Last edited by nztx; 11-07-2024 at 07:48 PM.
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11-07-2024, 09:36 PM
#395
Sounds like May will be leading the Neg with interested farm-in partners for both MAY/SNGL interest(of course with SNGL approval) .. so say for the 1B 7x wells maybe the 100% interest in these wells reduces by 30% percent but its fully funded by Farmee.
.. so maybe MAY clips the ticket 15% SNGL 55%...but everything is taken care of by the interested party that if impressed with wells performance will fund more wells for more free carry for MAY/SNGL till it makes sense to put pipeline into place and major contracts for much larger volumes of oil flows
positives I took >>on my second listen.. not so angry watching SP dive!! my ears more open now
-Production costs will be low since the wells will be close to the oil terminal. Cuba is rolling out the red carpet for oil exports, allocated a 250,000 bbl tank all set-up to fill tankers...trucking in place to handle 5000bopd
-Oil traders interested in buying and offering credit in the picture ....
Oil can be sold on global markets..CUBAN doors wide open get it sold boys !!
CUPET have made available their much closer oil battery pipeline maybe used in the med term
update today>
-1A 9-10Api 711MMbbls OIP
and as we know prime export oil
-2B 19api oil 656MMbbls OIP
100% of CUBAN oil production to date has come from the upper sheet
to date ..so LARGE mass of OIL in the upper sheets.. can see why some Oil traders / other O&G want to be involved ..at the 30min mark AP states amonez ??? wants to be involved in the upper sheet ??
And, of course, there is potential for additional gains from exploring deeper traps and other Block-9 locations. At the end of the day, MAY have made a significant oil discovery. However, the team hasn't figured out how to manage the flow from the deeper traps, which appears to be similar to 19-20 API oil according to the contaminated sample.
If the lab results confirm this and we are 90% sure that these deeper traps contain 18-20 API oil, then farm out the deeper traps clip the ticket and focus on another BLOCK-9 location to drill
Motembo-2 50Api+ ???
But yes next 6months will be pretty slow going>>>first oil export end of Q1
"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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15-07-2024, 08:13 PM
#396
2.5c .. that's an improvement .. everyone back onboard again ?
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25-07-2024, 10:35 AM
#397
>>>I ended up buying another 900k shares yesterday 2.4c ... I think we will see a nice bounce on an update on positive development towards production>>
afawcett post from HC yesterday >>
hi guys,
I've met with AP today in the cbd, he's been very busy lining up things to progress Cuba and the many other blocks off WA.
If anyone is interested in a talk or email conversation on plans and explanations then please feel free to call me 0407857334 or email fawcetta9@gmail.com
There should be an update to market coming soon regarding to the new permit off WA and drill pads (plural) being approved in Cuba. The objective is production, he's 100 committed to this for the long term.
We should still progress things with meetings and engagement with the board.
Plans are speculative as they change, once material events occur and definitive timeframes are set will the market become informed.
So far there have been 4 pads approved, once the hurricane season is finished construction will commence. There are plans to acid washout Alameda-2 to commence in coming weeks. 30,000 barrels to be sold to an off take partner. Then farmout to be made to fund two firm wells and 5 contingent wells.
There should be an announcement out soon on drill pad plans. Also another Announcement due soon on new WA permit. this permit to be added to farmout campaign, plenty of interest from majors due to gas shortage and lack of drilling.
"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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06-08-2024, 04:39 PM
#398
Gez 2.0 c today .. not much love currently for a sniff of Cuba's alleged finest elusive oil
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06-08-2024, 05:41 PM
#399
![Quote](images/misc/quote_icon.png) Originally Posted by nztx
Gez 2.0 c today .. not much love currently for a sniff of Cuba's alleged finest elusive oil ![Wink](images/smilies/wink2.gif)
yeah OIL price hammered during the weak along with risked assets ...MAY a speccy not getting much interest ..need update and a positive one at that
"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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