The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Much of this is on there websight,
President's principal focus has been on a contribution to well costs and finding a partner with sympathetic aims and ambitions. Inter alia under the terms of the deal under discussion, President will remain operator and retain a 50% interest in the relevant Concession. By way of reminder the Delray complex is estimated by President to have a mid case of 230 Million barrels of unrisked oil resources in place. The complex is unrelated to the two structures targeted in the previous exploration campaign and has as its analogue proven producing oil fields on the same trend located over the border in Argentina
NorthernMagic that's the figures for the whole of ppc acreage in Paraguay, one part of which we had a go at in 2014 and failed to get anything to the surface. Yes we are going for what they consider the best chance of success, why we didn't the first time is now history and better forgotten. Its as good chance as any being close to the Argentine border where there are producing fields, but also a word of caution, many have drilled without success in Paraguay over many many years.
Hi steven49,
Thanks for the reminder with this post in terms of resources - a huge number in terms of oil but I hadn't quite realised until your post how much gas there is supposed to be there - that's HUGE. Really interested now to get the Farmout details and some info re the first drill and the targets and what they are aiming for initially. As always all imho and please dyor.
Atb,
Northern
During the last 2 years, further detailed geological and geophysical work has been conducted which gives strong support to President's view as to prospectivity of its Licence areas.
President's management estimates that its Paraguayan prospect and lead portfolio identified to date contains a combined mean unrisked Prospective Resources net to President of 3 Billion BOE. This includes 10 Tcf of gas resources and 300 MMbbls of drill-ready oil resources in the extension of the light oil play proven by existing producing fields 30-70 km away across the Argentine border.