Post by
Riotact on May 25, 2011 7:33am
Firecrown Well is ok !
Parex made a release after hours yesterday.
On its Trinidad well to quote "Parex received notification from Trinidad's
Ministry of Energy that the Firecrown-1 sidetrack well qualified as an
obligation well under the licence, thus Parex and its partners (PTT)
have now fulfilled the earnings commitments for the onshore Moruga
Well.
And as far as I am concerned PTT has hit two homeruns with both the
Moruga wells and will be hitting singles with each of the sidetrack wells
in Grand Ravine.
The only thing we have against PTT and a lot of other junior oil & gas play
is a lowsy, lowsy market.
All of the drilling results and the first quater results are now due and it
should an exciting time for us long term Primera shareholders.