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 > PLATINO's Deal in the Llanos Basin & PTA's 6 TIMES more

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Post by perdikaoilgason Feb 05, 2015 5:11am

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Post# 23398174

PLATINO's Deal in the Llanos Basin & PTA's 6 TIMES more

See also this:

In October 2014, when Brent was at US$70, Platino bought light oil right next to PTA's acreage in Llanos Basin. Platino Energy (PZE.V)paid US$50 million and acquired 950 boepd (100% light oil) and 2.1 MMboe (light/medium oil) in the Llanos Basin in Colombia.

This deal translates into US$52,632/boepd and US$23.8 per boe of 2P reserves.

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PTA currently produces almost 6 times more than that privately held takeover target.

PTA currently owns almost 6 times more 2P Reserves than that privately held acquired company.

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