RE: current flow rate of PTA According to the latest PXT press release the Las Maracas field is producing at a rate of approximately 9,000 bopd (gross), which represent about 4,200 bopd net to PTA. In its last presentation, PTA is confident to reach its production target of 7,000-10,000 over the next 12 to 18 months (page 5), which would justify a market capitalisation between $500 to 650 millions. If we divide by 750 millions (after the conversion of warrants and options that are in the money - PTA will get about $35 million of new cash), we got a SP between 65-85 cents within the next 18 months.