RE: Does Anyone Know?? Paraguay - Not sure, we really do need an update on everything
Yatay-2 hit 600bbls/d from the Guadalupe (seconday by-passed formation). Not much info on net pay, etc.
Supposed to be spudding Dorado-1 in late March according to CEO. PDQ should already know if Paraguay is a go or not, it would be nice to have some dissemination of info.
I'm guessing PDQ will release info a couple weeks after permit receipt for CPO-5, likely once they have gottaen site prep underway and have an idea of when the rigs will be in place.
HUSA's latest well (in CPO-4) took over 9 months to drill and they could not even test the primary targets becase of whole conditions. The stock tanked. This has probably not helped the perception of risk with PDQ, but PDQ has more propects, more cash, and will mobilize 2 rigs simultaneously whenever the elusive permits arrive. I asked Krishna if there was a problem, and he assured me there was no issue and that it was not a matter of IF they would receive permits, but when. It is absurd that we are now at 9 months and counting since permits were applied for.