TSXV:WEE.H - Post by User
Post by
BenVest99on Nov 13, 2009 8:32pm
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Post# 16486233
Pemex to invest $18.9 B / year
Pemex to invest $18.9 B / yearWe know that these guys have the willingness and the money to improve their oil production, and they want to do this fast too.
For only 1% of their annual spending ($189 M) Pemex could get 2,000 Powerwave tools and do a lot of well stimulations. This would significantly improve their bottom line by reducing the rate of decline in many fields and allow them to recover a few million more barrels of oil.
https://www.reuters.com/article/rbssEnergyNews/idUSN1243431320091113
GLTA