GREY:PMGLF - Post by User
Comment by
maxleverageon Jul 26, 2012 8:55am
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Post# 20153748
RE: RE: RE: what is going on?
RE: RE: RE: what is going on? They had 30 million in proved and 40 million in probable. If we take 50% of probable it is another 20 million barrels for a total of 50 (5 years of production). You would think they could find some meaningful oil in the next 5 years. I thought they said Peru is a 100 million target and they have two 30-35 million targets in Columbia. I realize Peru doesn't have much infrastructure (thus long time to bring into production), so the market is not giving them any value for unrisked Peru upside now.
What am I missing?