RE: RE: RE: Reality of this NR.... Well at least #7 was not included. Not good though, considering that from the interim report effective Dec 12th 2012 to the newest report effective in late Dec 2012, we lost reserves even though we added in LM 5 & 6, LC 1 ( to some extent), the UNE AND basal gachetta would have been included ..... why the huge writedown in Mirador reserves? Is this because we have very little flow rate info to go on? By memory, the Mirador has been successfully encountered in every LM well so far.
Something does not add up, and won't become clear until we see the 51-101 in late April.
THe production numbers look good, but that was expected. The only real good news so far is that La Casona may show some prodcution this year frrom potentially 2 wells. If the unretricted flow rates are high enough, this could add signigficantly to cash flow. I wonder what they will be doing, financially, with the gas that will be used by PXT at Kona and LM?