RE: PMG CORCEL PORTFOLIO The initial Corcel and Guatiquia discoveries had inital flow rates of 10-15K bopd per well. Most of the corcel wells are now in the 2K bopd range and failry stable, with higher and increasing water cuts.
Results should be iminent on Mapanare-1, a Corel block prospect very close to the CPO-5 border.
Whether reults are good or bad, or still unknown, the lack of news has everyone imagning the worst and the SP is reacting as if it were the worst. There absolutely needs to be better dissemination of information, this is getting beyond silly now. I wonder if they still have the daydream of drilling and testing two (2) wells at CPO-5 before year end to meet block commitments. Fat chance. At the very least, they had better spud another one.
And does anyone remeber the good 'ol days of "even if we only drill 9 out of 12 wells this year, 2012 should be a big year for Petrodorado". Well how's 2 wells, and as yet untested? Good lord, talk about over promise and fall asleep.