Post by
Onedaylate on Mar 14, 2018 12:06am
Humble
180 boed.......thats it? Thats the same kind of results from their work overs.
I am very disappointed. Pemex was doing that. With out the "stellar" team.
Twelve day wells are nice, 43api is good.
These look like they will be shallow wells which should equal cheap wells.
There may very well be many hundreds of drill locations yet to drill.
Unknown though is decline rates.
This might be low hanging fruit, but Pemex was already picking this patch. I was expecting wells that were going to be much better than what the Mexican's were doing on their own.
The high hanging fruit.......the unconventional wells will have to really produce bigly.
With the extreme dilution this company has made happen, and the lack luster results, this is dead money for a long time.
My late Xmas gift was a pair of socks!@&%$##((%^
Comment by
Super_Cycle on Mar 14, 2018 1:00am
You should do better due diigence because you apparently don't know what you invested in.
Comment by
Onedaylate on Mar 14, 2018 11:53pm
Ouch!! Such words of wisdom, how do you do it? Wait I am not worthy.