RE: RE: RE: RE: RE: support Long, there is not much to update at this point. The Las Maracas production facility is in operation and they are producing 11,000 BOPD . This will ramp up as new apparaisel wells in the block are brought online. We should see 15,000 BOPD by the end of the year.
The El Eden block should be producing by the end of September as they complete the production facility there. Hopefully La Casona -2 and Rumi-1 prove to be successful drills. If so, net production to PTA on this block could be as much as 2,500 BOPD.
Who knows what El Porton and LLA-10 will add to the production numbers.
We are unfortunately at the whim of the current market malaise and more specifically there is a strong move to beat back the price of PTA. I am sure most longs are not selling at this point. It is painful to watch so all I can suggest is don't watch and come back at the end of Q3 (easy for me to say).
I still think we are on track for 10,000 BOPD as we exit 2013....at that point i don't think we will be trading at $.23.