RE:Reserves increase coming up at PetroTalI don't doubt their ability to find oil, but I've become uncertain about their ability to profitably get it to market. I commented before that the middle of September was historically the time when river levels started recovering, but we seem to be in new low territory, which has the capacity to be a disaster. I know they're trying to find work-arounds, but we don't know how well those are going. Until I see some real recovery, I'm out.
I was also concerned by the free cash flow matrix in the last presentation. Low production and lower than hoped for prices turn into cash burn very easily. And the first 7 days of September are showing production of 9342 bpd.
Best of luck to all. I hope to be wrong in the not to distant future. Bill