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Ann: Atzam Oil Project Update , page-18

  1. 5,753 Posts.
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    yeah, another delaybut indicate more likely in Nov now. I am getting tired with saying that again, one month after another. Guatemala rainy season end in Oct.

    Posted here before, production reported to the Guat govt is in the link below:

    http://www.mem.gob.gt/wp-content/uploads/2012/05/Produccion.pdf

    Obviously, about 6,300bbl was produced during Jun, Jul and Aug. There was a number of tun on off the choke during testing so nothing is really concern there.

    With exceeding 13,000bbl sold so far, this tells us about more than 6,760bbl was produced in Sep and Oct that contributed into the sell. The number seems match not too bad with the current production. But then, who really cares, we want to know the optimal rate and prove it. The current rate can't bring up the sp. This one hardly run until they bring up production and spud the Atzam-5. CTR need fresh investors who can wait.
 
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