RE:RE:RE:Normal Course Issuer Bid Good discussion. Renewing issuer bid makes sense. Using it currently doesn't.
It would surprise me if PRE made it a priority to drill Langur 2. They have enough issues to deal with currently. But if anyone has info on operations or rig moves please share.
I have not heard anything that indicates Parex is in a hurry to drill Garza Roja 1.
Has anyone heard more from the January meeting in Colombia to discuss easeing financial strain on the producer sector?
May be older news but I found a globe and mail article that said Calfrac and Trican were stopping operations in Colombia.
I have only heard that in 2015 and 2016 the Colombian corporate surcharge tax is going up to try to plug the government revenue hole. Predictable, but not inline with helping producers.
Wall Street journal has an article that states Exxon is out of all euro shale plays it was chasing, but says it's still in Colombia and Argentina. Stops short of saying they want out of those countries, but it's implied by the strategic focus on cost reductions and focus on nearer term shale opportunities.
I don't think Colombia turns quickly here.