PresentationIf you haven't seen it:
https://www.brownstoneventures.com/userfiles/file/BWN-PPT-1-21-2011.pdf
Canguaro appraisal later in the year should be good. Can-1 to be put on long term test at 2000 bpd gross (25% WI). On the back of Canaguaro alone, BWN can realistically expect ~1000 bpd net by year end. That essentially backstops value right there.
The interesting part comes when they start drilling exploration wells - 4-5 planned in the next year in Colombian.
LLA-27 is perhaps the most interesting concession, as is on trend with La Punta that is producing ~8K bpd from 3 wells, apparently all on natural flow. Will drill first of two planned wells in June. Assuming two months to TD, then initial news August/Sept.
Then LLA-21 will see a well spud in November, with second well drilled before end of Q1 2012.
Finally, LLA-36 to see a spud by year end.
Lots of info on Israel. Not sure what to think of those plays. Smallish working interests in offshore fields isn't the ideal place for a junior as costs and risks are high. I'd prefer they shoot seismic and then farm down to minimize their exposure.