Post by
Oilpro2001 on Apr 12, 2018 9:32am
Not according to plan !
Well that certainly did not work out according to plan did it. How they managed to dust a twin of a well that tested 20 MMscfpd 20 years ago is certainly a testament to the technical capability of the old fired management team, NOT ! I mean come on, they drilled right beside the old well, so they should have got the exact same results pretty much, not a duster which this well is. Makes you wonder about the technical merits of their other "low risk" development projects in Columbia and Argentina. The new management team certainly have their work cut out for them, prioritizig all the junky projects the old management team brought in, and with NO money. I am going to sell out, take my loss, and move onto something with a better portfolio and management team in Columbia. GLTA.
Comment by
ogod00 on Apr 12, 2018 9:47am
on the bright side they did manage to find refreshing amounts of water that was not there before, gives soaking shareholders a whole new meaning, the writing was on the wall, this will drift towards 0 and the inevitable rollback, institutional the ones who got hurt the most for a change...