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Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA


Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.


NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Parex Q2 Report
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Post by Ingiboyon Aug 05, 2014 9:41pm
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Post# 22812070

Parex Q2 Report

Parex Q2 Report
"Wells Drilled: Tigana Norte-1 (producing), Carmentea-1 (producing), Begonia-1 (temporarily shut-in), Chacharo-1 (temporarily shut-in); Disposal wells: Berbena-1, Carmentea-2; Untested (standing): Arlequin-1, Calona-1; Kananaskis-2, Tigana Sur Oeste-1; Dry & Abandoned: Restrepo-1, Terranova-1, Terranova-1ST."
No mention of LC-15 ???

"Business Development: Expanding Drilling Inventory

  1. LLA-10 Farm-in: Parex has signed a farm-in agreement for the Exploration Area of Block LLA-10 in the Llanos Basin of Colombia. Pursuant to the terms of the farm-in agreement, Parex will pay 89% of the dry-hole cost of one exploration well to earn 44.5% working interest and operatorship. The Block is approximately 189,500 gross acres and subject to an initial base royalty of 11%. We expect to commence drilling operations in late 2014 subject to regulatory approval from the Colombian National Hydrocarbons Agency ("ANH")."
This is good news for Petroamerica.  For sure this is Malavar-1.  For Parex to get involved with this block is great news as we now have an agressive operator. Plus they will be paying a substantial amount of the costs

I imagine we will see the Q2 #s and the operational update this week now that Parex has reported.
 
 
 
 

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