With regard to the Camerina some may be aware that Pantheon aquired more acreage nearby with the Camerina specifically in mind.
I recently contacted their CEO, he said that they were still positive on this zone which could not be tested from J1 and J2.
This is is reply
'We are still high on the Camerina zone. It is unfortunate the well design didn't allow a test but these are complicated wells and to get to the Cib Haz and preserve the miogyp didn't allow for an economic test of the Cam'
My view is that funding issues across the whole partnership are actually halting progress now.
The use of Acosta for a water disposal well is saving $200k a month but also hindering testing or the Camerina and or a sidetrack into the Miogyp.
We need to see a forward plan but I suspect news on the Reserves will come first.
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