Gee the investor report was not very well reduced with people selling? Thought that drilling results are coming out soon?
Problem is the report gives out more questions than answers. No flow rates rates on Paca 2? Same plan for the harpia feild of 14 wells at possible 135bod. Thought the feild is bigger now, and more wells can be sunk. No time frames on whats going to happen after the tatu2 well is completed. Just seem to be happy pointing out there is money in the bank, they have an oilfeild that doesnt pump many bod a day, from what i can gather 60 barrels from paca1 (paca2 who knows) and low capex wells of 800k + testing.
The most interesting thing is they are planning 2,000 bod by yr 4. Which means in 2011 - 2012. Instead of the end of 2009, which they had been saying in the past
No mention of tatu1 retest? Looks like the well is stuffed then. Not bullish on tatu2. Hmmmm
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