million dollar spud, page-33

Oilman, found this on Santa Maria site and paste my post on another site, for your info.
As you can see , they are strapped for cash so have sold their stake outright.

" Apologies if posted before - been tied up and missed stuff on here, but spotted this on the Santa Maria site. , formerly Quetzal.

" On November 12, 2013 the Company sold its 10% overriding interests in two wells on its former Guatemalan properties for $70,000 to the current operator of those properties. The first well, Atzam-4, has been drilled and is currently producing at approximately 140 bopd. Drilling of the second well, Atzam-5, is schedule to be spud by year end."

http://smpetroleum.com/news/index.php

Sounds like they have been strapped for cash to fund their obligations in Colombia, as quick look at link will show. Good for our [ RRS ] 20% of LAR. "

Follow your posts from the UK

Sanch