Could Cuba become oil-rich?

Vast untapped oil reserves off the coast of Cuba could spell an oil bonanza for the Caribbean island. It's high risk, says Tom Bulford - but for plucky investors, the rewards could be massive.

Cuba is a country known mainlyfor two things: communism and tourism. Oh, and cigars.

But the possible discovery of as much as 4.6bn barrels of oil lying within its reach means Cuba could soon become oil-rich.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.