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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.


NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > PXT PR
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Comment by Ingiboyon Feb 28, 2013 11:33am
165 Views
Post# 21055557

RE: PXT PR

RE: PXT PR

 

  • The Las Maracas field (Parex operated; 50 percent working interest) is producing at a rate of approximately 9,000 bopd (gross). The oil treatment plant is expected to be commissioned in May 2013;
  • A completion rig has been moved onto the La Casona-1 well to finalize the testing of the Une Formation and then test the Gacheta Formation. The Une testing has been completed and the well was flow tested over a 56 hour period at an average rate of 1,700 bopd and 6 MMCFD of gas. The well was produced under natural flowing conditions with a wellhead pressure of 1,900 psi and a total of 3,885 barrels of 35 API oil were recovered during the test. The final measured watercut from the test was 1 percent. Testing of the Gacheta Formation is underway and the Mirador Formation is expected to be tested in a future well. Parex is procuring production facilities for the La Casona field and plans to utilize the produced gas as a fuel source to generate power and reduce operating costs at other operated fields. Production from the La Casona well is expected to commence in early Q3 2013.

    • Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32247875&l=0&r=0&s=PTA&t=LIST#u3jjTe2cgM95IeWR.99

 

Good news for PTA !!  Tommy why do you think it will take until Q3 to start production from La Casona-1 ?

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