riu good oil conference, page-4

That video is interesting, shows how good the topography will be for them to work with so can expect the next part of seismic to speed up. Southern Uruguay is pretty much as pictured in that video, rolling plains and cows. By now they should be nearly half way done and great to see in todays announcement that large clearly identifiable structures are present - hopefully news soon along the lines of "large conventional targets identified" or something similar!

as for EU gas issue - well surely that will put pressure on the big boys to close a deal in the data room on PRL's terms soon. You would think they would be beating down the door to get a crack at securing any prospective large gas resources only 3km from a major pipeline!

regardless seems to be good support at these levels with sellers drying up. Just need an outcome on any of the above to get some real action. Has been a slow 2014.