RE:November 2013 corporate presentationI also discovered that they have drilled 16 wells in the onshore Tertiary Virgenes blocks
Three have been abandoned, 2 are producing at a combined rate of 260 boepd, and 11 are not producing, presumably awaiting completion and workovers.
Lack of capital presumably has been the reason for only 2 of the wells are onstream.
At 130 boepd, these are very productive wells.
With capital flows increasing, more of these could be brought onstream.
This is another asset that we have not taken full account of..