Target 2-3 Year Production is 30K+ boepd for merged companyThe company is certainly optomistic about prospects. From the press release last night:
The Arrangement allows the combined company to position itself to become a leading Colombia-focused exploration and production player targeting oil production upwards of 30,000 boepd and a sustainable reserve life of more than 5 years. The combined asset base of both companies provides the potential to achieve these goals over a 2 to 3 year time frame. It is also expected that the combined company will be opportunistic in its pursuit of additional acquisitions in its Llanos and Putumayo basin core areas.