RE: 2 bloggers in a row ID be surprised if production facility finished this quarter, as far as I know its mid may... likely end of may 2013 when its supposed to be done. But if that is the case, then great....
And its not to say that additional wells within the Las Maracas field will not be spudded before the completion of the facility. They may very well be, then they can be quickly hooked up to take advantage of the added space that will be available.. Remember its 40000 barrels of fluid a day that can be processed... If watercut is less than estimate, and it likely will be, then in fact we may produce in excess of 15000 boes/day, and remove less water than estimated.. water disposal well will be drilled I assume at the time of development wells. That takes care of the 7500 boes/day of potential... Add in a little Balay... Then snap in another success at La Casona, and we almost at 10000 boes/day... We should hit that level well before year end, but average productiong for the year will be less.. The market hasnt factored into the dramatic rise in production that we likely will see once Las Maracas begins its next developement phase... Ive been saying this for nearly months now, and the time is nearly here.... Lest we forget El Porton, must be getting close to half way point, likely closer to a third done now... In any event, thanks for the sub 30 cent paper... If this doesnt get taken out in 12 months for double plus the price we are at today, then I really dont know what to think... Im thinking 700 million out.... and around 70 cents.. .sooner or later.. that would keep some of the higher priced warrants out of exercise... Good to see ideas being passed around here...