Sherritt International Corp T.S

They are spudding 3rd well this month

[rkhosla]

20 Sep 2023

Highlights

• Alameda-3 Appraisal Well to commence November 2023.
• Drilling rig is on site and being prepared to commence drilling operations.
• Prior to spud of Alameda-3, early production to commence from Unit 1B of the Amistad reservoir in the Alameda-2 appraisal well.
• Stabilised flow rates achieved from Unit 1B in Alameda-2 were ~1,235 barrels of oil per day - significantly above average for vertical wells in Cuba(1). Horizontal drilling in these reservoirs typically triples the flow rate.
• Oil produced had 19° API gravity and 30 cP viscosity, significantly better than average for Cuba(1). The produced oil also had none of the usual sulphur, responsible for price discounts.
• Units 1A and 3 of the Amistad reservoir are also productive and have been suspended for future development and production.

[Albatross]

Well at least they are getting results, seems good. kind of a kicker that they have success where Sherritt failed so miserably.