RE:RE:RE:RE:Parex Plans Colombian Acquisitions ,Petroamerica the targetI would like to see a detailed summary of capital expenditure for the year..
Yes, there will be one well likely at Las Maracas, maybe 4 Million dollars.
Malivar, thats supposed to be a 6 or 7 million dollars price tag, but its
been ongoing for sometime, (environmental approvals) so Im not counting
that one as a guaranteed spud for 2014.... Crypto, is now 20 percent of
the original dryhole cost, and has been adjusted on previous news release.
That leaves with two or three wells for the year... I would guess, a reasonable
part of that capital expenditure entails facility construction at La Casona, but
I dont think gas plant is that expensive.. Maybe someone can get clarity on the
rest of the spend for 2014.... Likely going to give even more surplus cash,
as far as acquisitions go... well they are not that expensive.. and usually
one has to shoot 3D before even thinking of drilling... So there likely would
not be a drill spend on an acquisition for the year...
Wheres the reserve report?