Yes a definite reserve estimate for the Miogyp is now possible and hopefully will be on the upward side of some previous guesses that we have had.
Yes money is a problem. The wells have been expensive and the little hiccups and delays along the way have made the wells that bit more expensive. Plus the delays have meant that the chance to get cashflow happening earlier just has not happened. So it has hurt both ways.
Yes Acosta is still a possibility. It isn't going to happen immediately unfortunately I suspect. It was a worthwhile try to save money by drilling in an existing drill hole but unfortunately the end result did not work out to be so cheap.
I hope they do go back and have a go for the sidetrack into the Miogyp. But again it is going to cost and is the cashflow at the moment strong enough to convince them that it is worth going for it given their money struggle.
GGP Price at posting:
5.5¢ Sentiment: Hold Disclosure: Not Held
