RE:updatesI can't imagine us going past this week without an NR. It would be nice if it was Monday.
LM-11 production is already included in the production #'s as of the last presentation. LM -10 is being tested and should be added to production by the end of the month.
We should get the results of LM-12 and the moving of the rig to LM-14 (possibly already spudded).
The big question for all of us is what is happening with LC-2. What has taken so long to complete and why. Supposedly we will have oil in the Mirador but what about Une and Gacheta. The well for sure is not a duster but it may not be what they were hoping for.
The LC production facility should be ready to be brought online by now and should be part of this NR. It will be interesting to get an update on LC-1.
La Guira should have been spudded by now and shouldn't take long for results. If we get a hit here this will be a great boost for the company as it will potentially double the Los Ocarros production numbers over time.
All in all this will be one of the biggest NR's the company has ever released and if all goes well as I expect we will quickly move towards the $.45 target that the analysts have been touting this past year.
Good luck to all the longs that have been hanging around this past 2+ years.