PUT-7 Block & the Quinde Gushers from the Suroriente BlockI will disappoint "Kevin987" alias who repeatedly keeps posting GeoGlobal's claim about PUT-7 Block.
According to the map, PUT-7 Block contains the west Quinde field where the Quinde gushers are. PTA has 50% of PUT-7.
PTA also has 15.8% in the Suroriente Block that contains the East part of the Quinde oil field.
To set things straight for all those who might take this laughable claim seriously:
- PUT-7 is undeveloped land. Again, this is undeveloped land.
PTA has zero production and zero reserves. PTA's development program over the next months has nothing to do with PUT-7.
PTA's development program is focused on the development of the Quinde field in the Suroriente Block until 2015.
PTA will drill 4 Quinde wells in Q4 2014.
| Quinde - 4 wells | Development | Suroriente | 15.8% | Q3/Q4 2014 |
- Do your reaseach to see that GeoGlobal is a tiny exploration company that trades at the PINK SHEETS and FAILED operationally some years back.
GeoGlobal is an ONE MAN SHOW company. The sole employee is Jean Paul Roy.
GeoGlobal's filing says that "the former owner of the Putumayo-7 block had agreed to create an operation agreement and/or JV with GeoGlobal, but the agreement was never received. "
It is obvious that Roy has not a leg to stand on.