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

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Post by Ingiboyon Sep 06, 2013 10:50am

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Post# 21722671

LM-10 and LM-12

LM-10 was spud July 31st and was drilled and tested by August 20th:

"The Las Maracas-10 development well was specifically targeting attic oil in the main Gacheta reservoir".

"The Tuscany 109 drilling rig was skidded and has commenced drilling the Las Maracas-12 development well, which will also target the Gacheta and Une Formations in an up-dip attic position".

I think we can assume that LM-12 was spud around August 20th and should take approx. the same amount of time as LM-10 (20 days). With that in mind we are within a week of getting results from this well. Possibly they are holding back the update on LM-12 so they can announce results for both wells at the same time.

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