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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

GREY:PMGLF - Post Discussion

Petrominerales Ltd > Re: Drilling Results Someday?
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Post by oilwatcher13 on Nov 29, 2012 1:34pm

Re: Drilling Results Someday?

Waiting on this deadbeat management group to release some news on the mid-november drilling results highlighted in their last press release? Or did they over promise and under deliver once again? See exerpt from previous press release below!!

We are expecting near-term production additions from the following activities:

  • Placing our Maya-1 well on production by mid-November;
  • Drilling a side-track to our Macapay well targeting additional oil pay and adding additional production by mid-November;
  • Drilling a high-impact prospect on our Guatiquia Block, Mapanare-1, that is targeting up to 15 million barrels of UPIIP by December 31st;
  • Drilling our first horizontal development well on our Casimena Block, Mantis-HZ1, and placing on production by mid-November; and
  • Drilling a side-track to our Gaita-1 exploration well to confirm the southern extension of our Yenac oil field and potentially adding production and reserves while expanding on our development drilling inventory by December 31.
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