Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Mirador at LM-10

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Post by hockeylad33on Aug 21, 2013 8:33am

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Mirador at LM-10

Unless I am misunderstanding the news release, what a lot of people are missing here is that they hit oil on the other side of the fault. I believe LM is a hanging wall anticline, but regardless the oil pool to date as only been on the upthrown side of the fault. The fact that there is oil on the downside of the fault means we may have an additional separare structure, at least in the Mirador, on the other side of the fault. I assume some seizmic interpretation may be necessary to evaluate the possibilities.

On the downside, the Gachetta only flowed 1,000 bopd, although without ESP.

I think LM will turn out to be a 18-20MM bbl gross recoverable pool when all is said and done.

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