La Casona "La Casona long-term test facility commenced production operations on December 2, 2013,
with La Casona-1 producing at restricted rates of approximately 350 barrels of oil per day (“bopd”)
and 1.5 million cubic feet per day (“MMCFD”) of gas from the Une Formation. The produced gas is
being compressed and sold and the rate will be restricted until
trucking at the gas compression
plant has been optimized."
So
trucking at the gas compression plant has ostensibly been the issue. 5 months has passed and we still don't have an update on the trucking choke point and a revised oil production number.
Read more at https://www.stockhouse.com/companies/bullboard/v.pta/petroamerica-oil-corp#haI2qdhj3gJzrJec.99
I think the near term catalyst has to be La Casona. So far results have been underwhelming - ostensibly because the large amount of gas has to be controlled and trucked. News 5 months ago reported " The produced gas is being compressed and sold and the rate will be restricted until trucking at the gas compression plant has been optimized."
So has trucking at the gas compression plant been 'optimized'? And if so, will we see solid increases in the amount of oil production? Or is La Casona simply a disappointingly low producer?