RE:RE:RE:Questions for WaitingstillBuenos dias Pantomblogger, Personally I think that they have a commercial well there. The reason that I think that is because of FEC's sp. They also operate in Colombia and Peru where insurgient groups are becoming increasingly active in attacking infrastructure including oil infrastructure in remote areas. I live in the region and watch the local and regional news including Colombian TV channels.
Colombia's oil production has now fallen to an anemic 700,000 bbl/day. FEC has done an outstanding job keeping production stable. So I imagine that there's political risk baked into fec's sp. Yet the situation in Colombia is getting worse and fec's sp keeps on going up. Something is offsetting the political risk in Colombia. Must be Kawa.
Note that while Exxon is cutting back capex spending on exploration everywhere it seems and selling off shale assets in the US, they are going all in on Guyana. That's because Guyana is rated as one of the most oil&gas investor friendly jurisdictions in the world.
Anyway if Kawa were a dud, then I would expect some serious pumping and dumping to be going on right now from the MMs in the OTC market.