Petrominerales Ltd.

  PMG.TO website
  • We are currently testing fixes to the following bugs: Ignores, Inbox Folder Access, Hide Replies, View Thread & a few others. It's taking a little longer than we had hoped, but we expect to push out corrected code this Friday night. We apologize for the delay & appreciate your continued patience. Stay tuned for further updates.

PMG.TO   /  Message Board  /  Read Message

 


 








clambo



My PMG.TO Ignore List


Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  4927 of 5373  at  6/18/2012 8:19:41 PM  by

margin321


 In response to msg 4926 by  Wilk
ignore topicview thread,  thread start

Re: 14 feet of UNE sand with overpressurized gas

Well, 142 feet of pay in a foothills well is better than no pay in a foothills well. Still they have to test the 6 zones that could be oil. It is one step away from being an conomic wll, but that will be clear maybe end of August.

And they will at least learn a thing or two about the geolgy by testing the UNE formation. And then they move on to the second foothills site.

They also have shot more 3 seismic based on preliminary results of the Bromelia well.


And they hope to start by July drilling a second structure in Peru (Shesea) that is targeting a structure with potential for 100 million. That would be nice.

And who knows, maybe a heavy oil developent plan with a predictable ramp of production will be developed at some point.

meanwhile tehy added another Corcel well with > 2000 bopd initial production and are drilling enough other "Corcel type structures" and other developemnt syuffthat they can get production back up to high 30k range.

Seems there is plenty going on to make it an attractive buy at this price point.


 
     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0  |  Views: 249
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help  •  Advertise
Not a member yet? What are you waiting for? Join Now
Want to contribute? Support InvestorVillage by donating
© 2003-2013 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...