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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Production decline rates in the Llanos Basin

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Post by Fernando2010on Dec 30, 2014 7:49pm

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Post# 23274015

Production decline rates in the Llanos Basin

I noticed that production decline rates in the Llanos Basin are quite high, as follows:

Average production in Q1 2014: 6.478 boed (see Q1 2014 results press release)

Average production in Q2 2014: 6.513 boed (see Q2 2014 results press release)

Exit rate for Q2 2014: 6.013 boed (see Q2 2014 results press release)

Average production in Q3 2014: 5.031 boed (see Q3 2014 MD&A report)

Average production in October 2014: 4.064 boed (see Q3 2014 MD&A report)

So, production in the Llanos basin has declined from 6.513 boed in Q2, to 4.064 boed in October 2014 (38% decline rate in 4 months).

This high decline rates will make more difficult the goal of substantially increase production rates going forward.

Has any special event ocurred to produce this high decline rates? or are these the "normal" decline rates for Petroamerica`s wells in the Llanos basin?

Comments are welcome.

Thanks in advance

Fernando

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