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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

GREY:PMGLF - Post Discussion

Petrominerales Ltd > PRE Results
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Post by oilwatcher13 on Dec 18, 2012 9:43am

PRE Results

Nothing watered down about Rubiales’ results

Hydrocarbons Colombia on Monday, December 17, 2012
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ProductionPacific Rubiales published an operational report full of interesting information but the real jaw-dropper was the growth in the venerable Rubiales field since receiving National Environmental Licensing Agency (ANLA) permission on August 8th to increase water injection. The field had produced (gross before royalties and working interest) 169mbd in July and that was the third month in a row that production had dropped. Production was only slightly better in August at 170mbd. But since then Rubiales’ field production has grown at 4% per month and the company says it is currently “in excess of 200 mbd” – 30mbpd higher than in July.

Comment by oilnvstr on Dec 19, 2012 11:00am
Interesting, but shouldn't this post be in the PRE Bullboard?
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