Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba Message Board

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Gold/Mining/Energy : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba

CCX 17.14

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Sep 30 5:00 PM EST

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To: Jim Hitchie who wrote (106)	3/25/1998 3:49:00 PM
From: tg49ers	Read Replies (1) of 223

Jim and all, I think that this is good news but I would expect the step-out well to be just as important so they can accurately judge the size of the pool as well as possibly test the lower zone which they had to plug back. The news release said that they are currently lining up a Canadian service rig (or similar equipment), I'm not sure about Cuba, but it's pretty typical that operations tend to take a little longer to line up for International plays. By the time the rig is confirmed and the equipment is lined up and they production test the well, I would think we're looking at a month (so roughly the 3rd week of April). Of course I really don't know if they've done any ground work or not but I personally think that we won't have solid numbers for at least a month (barring any additional problems). It is definitely good news for Cuba, Jim you seem to know alot about Cuba, have you heard any comments from the Cuba government, I wonder what type of excitement is in Cuba right now. From what I've heard they are fairly close to Sherit's discovery, is that true?

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