GEOPARK: Another firm that ramps up in Colombia TID is already 100% UT in Colombia but TID can transport idle rigs from Brazil to satisfy the demand for rigs in Colombia. Colombia, TID's core area is getting more and more hot every year.
Colombia's Government target is to exceed 1,000,000 oil barrels per day by 2014.
Read the facts folks and think A BIT forward. You do not need to be genius. This is not rocket science. You think FORWARD for ALL the other companies and pay multiples based on future earnings for 2014 and 2015 , but you can NOT think for TID's Q1 2014 ??
SANTIAGO, Chile, June 13, 2013 /PRNewswire/ -- GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina (GPK.L), is pleased to announce the successful drilling, testing and putting into production of the Tua 4 well in the Tua oil field on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.
GeoPark has announced the discovery of three oil fields (Max, Tua and Potrillo) since moving into Colombia in early 2012 and Colombia oil production net to GeoPark grew to 4,932 bopd in 1Q 2013 – representing a 66% increase vs. proforma 1Q 2012. During 2013, GeoPark plans to carry out a 15-20 well exploration and development drilling program in Colombia and is currently testing a new prospect on the Llanos 34 Block.
GeoPark has interests in 27 exploration, development and production blocks in Colombia, Chile, Brazil and Argentina. During 2013, GeoPark plans to carry out a total 35-45 well drilling program with an expected work program investment of
US$200-230 million.
Commenting, James F. Park, CEO of GeoPark, said: "GeoPark has continued to demonstrate consistent success from the drill bit – leading to important growth in our production, reserves and cashflow. We look forward to further results this year from our active drilling campaign currently underway in both Colombia and Chile."
https://finance.yahoo.com/news/geopark-holdings-limited-development-drilling-110000830.html