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ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."


TSXV:RPT - Post by User

Comment by TheRock07on Mar 20, 2014 6:39am
202 Views
Post# 22344700

RE:to 2j3ki re .30 target ( target is a store)

RE:to 2j3ki re .30 target ( target is a store)I think you miss the point .
Had the first VF well be drilled successfully, additional sales of about $30 million per year would have accrued.
Three such development wells were planned which would have boosted sales to over $100 million.

But, they blew their wad trying to reach TD after the drill string got stuck.

They have since paid down nearly all the accrued liabilities and have their gas plant churning out solid cash flows.

Argnetina is now a net importer of both gas and oil.
asa consequence, the Govt has reversed its course and is now providing incentives for foreign investment.

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