RE:November 2013 corporate presentationIts very clear that assets are going to be acquired outside Argentina, probably by merger.
Its also clear that they want to drill another two wells are Virgenes offshore.
Also, interesting is the note attached to the 8 MMboe of reserves..
GCA reserves represent only 61% of OGIP, nearby
Springhill Fm fields typically have 70 – 80% recovery
Upside isGCA reserves represent only 61% of OGIP, nearby
Springhill Fm fields typically have 70 – 80% recovery
Upside is significant, 2 – 2.5 times value assessed in GCA
reportsignificant, 2 – 2.5 times value assessed in GCA
report