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See below - Vetra reengaged on every deal, didn't drill a bankrupt landlord FFS, wasted ties with Ecu and OCP hence a joint takeover with GTE and worthy of GTE attention- see below deal with OCP and Vetra could be renegotiated in favour of the Col side of supply. See historical factual quotes below, not conjecture to proof a concept. GN Plus Amer has a bad tariff % with Put 8 could swipe that in a re-talk GN This is all fact not imagination. read below. GN

There it ios girls read the earlier news - but that Phase 2 & 3re never kept signing deals with 10 Col producers never happened until AMER . GN End of - Proof delivered. GN. So not gibberish FFS

Missed this Vetra & OCP Ecu Old agt - Quote OCP Pipeline to transport crude oil from Colombia
Colombia-based Vetra Exploracion y Produccion has signed an agreement with Ecuador-based pipeline operator Oleoducto de Crudos Pesados (OCP) to carry crude oil from southern Colombia.

OCP will manage Ecuador's privately owned heavy-crude pipeline.

In the first phase, part of the available capacity on the 503km pipeline will be used to transport about 15,000 barrels of oil per day from Amazonian oil fields of southern Colombia to the OCP terminal in the Ecuadorian port of Esmeraldas by August 2013.

OCP is planning to sign about ten agreements with Colombian producers, including state-run oil firm Ecopetrol.

The pipeline is expected to transport about 40,000 barrels per day in the second phase, and about 200,000 barrels per day in the third phase in the next two years.

The OCP pipeline is currently transporting only crude from Ecuador.

OCP chief executive Andres Mendizabal said that Vetra will transport first barrel in the next week.

"The agreement allows [Vetra] to transport oil when the company needs, according to its necessities," Mendizabal added.

Ecuador's Nonrenewable Natural Resources Minister Wilson Pastor said Colombia is facing problem in transporting crude oil from Putumayo due to non availability of infrastructure, while the agreement will benefit both the countries.

As per the agreement, Vetra has to pay $3.40 per barrel to Ecuador, according to Pastor.

OCP's shareholders include Occidental Petroleum, Spain's Repsol, Brazil's Petroleo Brasileiro (PBR) or Petrobras, France's Perenco, Italy's ENI, and China's Andes Petroleum.

OCP is one of the Andean nation's two main oil pipelines, while the other one is SOTE pipeline, which transports about 360,000 barrels of lighter crude per day.
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Image: OCP will transport about 15,000 barrels of oil per day from the Amazonian oil fields of southern Colombia to the OCP terminal in the Ecuadorian port of Esmeraldas. Photo: Courtesy of Wilfra

Not imagination.

Sorry Sur Oriente is east confused me, PUT 8 West flank of the pipeline, add their potential volume of GTE to ours in that area and others you can muster up enough volume to interest Col & Ecu for the efficient cost effective volume movement of Oil - See earlier posts for inter govt co-op deals. Key here is connecting Petroamz and Eco petrol - something JW & GC has done well with ONGC. Put 8 is west of Pacific side of Plat apologies. A small but key cog and in limbo via takeover. GN

To properly gain scale in draining the Put basin thru any pipe or pipelines need Put 8 and Sur Oriente exposure to form Critical Mass of co-op economics - sufficient to warrant future Infrastructure commitments protecting future volume delivery for the combined Mass of potential reserves, includine MOI with GTE , I'm guessing the delay in Put 8 is there is some deal out there is whatever form that involves Oil evacuation., GC said GTE were interested in OBA so for a balanced portfolio ideally should include Put 8 and GTE and the new owners of Vetra, creating an inverse delta - massive efficient drainage area reducing transport costs thru economies of scale - to drain oil thru a focal point. HNY forgot that point. GN

Old News put relevant Quote - The Heavy Crude Oil Pipeline (OCP Ecuador) reached the 10 millionth barrel transported from Colombia to the port of Esmeraldas in Ecuador. This volume confirms the efficiency of the OCP route and reaffirms the existing trade links between Ecuador and Colombia. "OCP Ecuador is proud to be the first binational oil interconnection, contributing to the hydrocarbon and energy integration of our region, through a reliable, safe, efficient and environmentally-friendly crude transportation operation," says Andrés Mendizábal - Executive President of OCP Ecuador.This nation project in 2013 with the signing of a Binational Agreement between Ecuador and Colombia to promote and facilitate the transportation and export of hydrocarbons. Since then a growing number of producers, especially the Putumayo, have signed transport agreements with the OCP
Colombian oil can be received in two ways. The first through TANKERS = TRUCKS arriving at the binational discharges located in Lago Agrio; And the second option is through the OSO hub that is born in Orito to the south, to reach Ecuador and connect to the OSLA pipeline, which through some interconnections finally connects with the OCP. Through the interconnection of pipelines can transport up to 40 thousand barrels per day, while through the drainers the system can receive up to 24 thousand barrels per day.Among the advantages offered by the interconnection is the capacity to export through oil tankers of 325,000 tons (2 million barrels), bringing Colombian crude to a significant opening to the world market.Rough translation: Colombia will export oil using Ecuador pipeline | Bogotá | Posted on March 29, 2014 Colombia will export oil using the infrastructure of Ecuador, the Colombian President, Juan Manuel Santos announced on Saturday, saying that the conditions were already agreed upon with the Government of the neighboring country. The President made the announcement during a visit to the Colombian Department of Huila (South), whose population complains of DETERIORATION of roads routes by the high number of trucks carrying fuel. "We already agree with the Ecuador to the terms, conditions and such approval is given and that agreement was already signed," said Santos. He added some details to the director of taxes and customs (DIAN) of Colombia were ready and crude oil can be transported in that way. Little progress at 2018 FFS. GN Last post.

Question - Copy can you please address the issue of the ridiculous closing auctions? What the Feck are you on about Sweet Pea - I'm giving you info on +1bn Barrels of oil and you asking drivel FFS closing price on trivia - You are a time Thief wasting and distorting peepoles knowledge. FFS Don't push distortion Crap anymore I gave my insight - what ' s yours - give it up now. HHNMY SP shorts waste of time.

Sorry for the download, what I did not emphasise Put 9/12 + Teracay Tacho etc could hold +1bn of Prospective resources in our area to be developed, it can't go thru Col pipleines no capacity would need +$1bn capex . We are currently only testing the small fry Plat Put 8 just add ons at the moment whilst our infrastructure is in a juvenile state. Ecuador is not going to let Colombian heavy oil displace their growing production thorough put within the RODA system, unless there is large extra capacity and I imagine Ecu would demand the E&P to increase internal output through exploration and development or - Joint Cooperative development. FFS . AMer seem/ could be a natural conduit between Ecopterol in Col and PetroAm in Ecu. So makes sense to secure the Ecu border harbour for supply line access now , for Amer it would be suicide to look at PUT 9/12 unless supply line access and capacity is granted and will need to be created. If Amer develops Ecu in line with Col not to the same magnitude, it could be allowed greater freedom to enact further supply line improvements for the betterment of both Countries. What we are drilling in Col next 12 months is minimal, the +4kbopd in RODA is a sprat to catch a whale. Look at Amer prospective resources say +1.1bn barrels, we are currently addressing say 60mm or 6% as the infrastructure - physical and contractually between countries is not there, the pipeline capacity is amega Chole point - unblocking that is the key driver in MAx Corporate Value. Getting Ecu on to the same type of E & P contract as Col is a start, simultaneous development is key here for maximum shared returns. The ROdA limitation are holding back a 1bn of Col crude potential so Amer has to secure the Ecuador route to get an Oil Broadband superfast facility next 2 years This company could be huge if the BOD have the talent base to seem it thru, and I mean huge. The development and integration of the Ecuadorian pipeline system is key and we need to anchor that in many other future development which would warrant an additional modern pipeline access from Col tp L'agrio as JW has said. I forgot about the size of undeveloped fields in hand.. GLA So what I was saying we need to secure a strong foothold in Ecu if we are to be serious about growth. So 1bn of Col Oil needs to flow through Ecu, save Col +$1bn in capex in new pipelines and increases Ecu tariff income utilising a redundant modern heavy Oil pipeline and Amer projects are in the mix of this integration. We have no option but to get blocks in Ecu if we are to grow and Ecopetrol and Petram KNOW THIS. End Last post.HNY.

Chiritza Pump IMO DYOR is an outpost boundary investment with Back fill opportunities. Where the BOD don't give too much info. End

Sorry, Old age Vision blurring, 18hour day paid 7 FFS, no wonder I'm stressed, very last key point, if we own operating Chiriitza on RODA and could potentially Ransom Upstream users, LACK OF CAPCITY CONTROL, is what we have right now in OBA - with us strategically -could off put bidding for parts of Sahino, that's what I meant - we are in pole position but its when the deal is done, you can see the logic & the faith but execution is key. GH.

Last point only conjecture, if the Ecu bid process was well advanced - why would we build Chiritza pump and not A Sahino bidder looking to ramp up their OWN Internal Output with investment to increase capcity and Ransom Amer with the Charge a tariff to Amer or Petro Amz do it. That's why we have done it. The art of war Sun Tzu, why would you advance a bridge too far as with Chiritza way past our dreamed area of control , unless the ground advantage could be held. !!HNY

I think the gulf in investment in RODA and Ecu is the key, As I said before We have first mover advantage on a minor area on a spur, small to the majors key to us because of location and marriage values. Last point - IMHO I think we have secured something in Ecu. Fingers crossed.

Both Ecu & Col have oil exit issues to the Pacific that needs a strategic other option, Col needs another outlet east for supply security for heavy Oil and Putumayo region Truck bound, especially in heavy weather. Ecu need increases in their own Output volumes from say 530k but they have a three major exit problems in pipelines. 1. the SORTE is Old and at Max capacity, vulnerable 2. the OCP has redundanty capacity of say 60% and was designed for heavy Oil. 3 Ecu Govt former policies were not conducive for E & P investment. i.e Tariff based which set a negative ceiling for growth, All majors stayed away, not attractive to invest RH correct. Now we could have the opposite for Oil interest in the region. IF Amer can perfect 'Title' for Oil blocks both sides of the border, Heavy Oil can be shipped more cheaply - OBA 50kbopd and safely thru redundant pipeline capacity in Ecu both Countries win and part of the process is upgrading adjacent Spur pipelines that feed the OCP, which is what Amer is doing. The Piesta De Res will be when Amer soon will link L'agrio the end of RODA into the OCP 18 months I say and Col Oil straight thru on the Oreinete express. Oil has to be trucked from the end of our line to OCP. Bottom line there are great synergies to be enjoyed by joint co-operation and Amer is a small but valuable Cog in the process. Bit Like Clint Eastwood in a fist full of Dollars, earn from both sides whilst being a flexible valued asset and quality resource. That's why I think the economics for 2 struggling OIL dependent economies can get lower transportation costs, reduce exit risk and have other options to barter down suppliers and ATTRACT inward investment as this is TOO Messy for the majors today ,If we make it safe and we then get a huge kick back in marriage value asset growth. INIT ish . HNY Only a guess no proof until and Ecu bid is successful or not.

IF,IF they win major bids of which one is in Ecuador, THEY PROVE REX WRONG, what greater added incentive to achieving desired growth is that. And before you deliver a right hook, disguise the fact that the knock out punch is coming for Max impact & Effect. I might be talking trash, no absolute proof but IMHO DYOR the last 4 months have been difficult - Christ only had to suffer 40 days in the wilderness - but I think for the LTH's invisible value has been building, so 2 years ago Value was ahead to reality, I think it's switched we should see Amer opportunities accelerate and a dragged depressed SP ignoring forward value.. GLA Only a guess, but I do check the Gantt catch to match for news. HNY. Ferms where are you I miss the company!!!

Quickly, what I meant by Big fish OBA related not a 30% stake in an out of area - but very very good investment. We can sell those 4 wells in 18mths time and make +$200m to invest in WHAT --- IF WE DONT HAVE THE BLOCKS, so we must amass acreage NOW cheaply to develop out of with a massive cash influx form disposal profits and a DIVI. FFS Put 14 reinforces the encirclement of the Col side of the OBA, expect a deal for Put 13 in 3 months IF we get a foothold in Ecuador - gloves OFF. By owning producing assets in Ecuador adjacent to the RODA we can increase throughout on the Ecu side same pipeline and with Ecu output and not exceed the 9k concession limit and an incentive for further upgrade and new reserves and potential output increases. Time to scale for Amer form junior level, all upward next 3 months does it I hope. GLA HNY
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Ecuador could be the key that unlocks Amer potential short, medium and long term. Looking back it is possible to See RH's argument against the share options, namely 1, OBA output limited to 5kbopd as RODA is in a state, will take +18mths to get planning. 2. Then build a solution I,e, Chiritzu pump +9 months , thirdly Ecuador in 2016 was a tariff based contract for E & P, can't book reserves - investment for Amer NOT ATTRACTIVE - BUT now the ECU worm has turned, RH could not foresee the govt policy change to PRO Reserves sharing and the E& P cycle brought forward. So I believe AMEr have strategically - beenlooking at adjacent Ecu blocks for years and now is the first time they can truly bid. Enter 3 brokers and I think the calm , ck of hand comment Q3 spud is a pre-cursor for mega news. Remember after the July 17 shutdown, next news was Maripsoar 4.6kbopd. The time vacuum of no news is soon fading and Curfew tolls the Nell of Parting day. If and when - They do need to bring in a big FISH an upscale or they will be a joke at 4.8k when ONE Llano well can do that FFS. The Interims need a lift & Interims presentations are saved from a disaster. New soon and that does not include Put 8. As I said 5 pieces of news next 6 weeks, all material to the SP so if one fails the balance of probs will be +ve. HNY GLA

I think news is due, remember GC and JW tweet in Feb meeting in Ecu President, Quote End Feb 18 - The mature onshore oilfields include the Cuyabeno, Oso and Vinita-Blanca areas at Ecuador’s Amazon region, Perez said. Those will be added to eight onshore areas in the country’s Northeast, close to the border with Colombia, under the Intracampos bidding round, whose results are expected in August. Also Rean the Ministry of Hydro De3c 17 Prospectus where there is a bidding schedllue and awards date - which was May but delayed for the law to include Reserves ownership. Note the Sahino Block has 3 field all below Plat and the Vicotr Hugo Ruales Pipeline - they are Page 22-23 of the brochure Sahino North Sahino and Victor Hugo Ruales with a combined Porspective reserves +30MM. So what I said a week ago, the daleyed drilling is not going to recover exit output nor exit 2018 reserves, BUT BIT an Ecuadorian acquisition will and justify further investment in the RODA system which runs thru Sahino. The capex commitments are stiff but if we get control of the pipeline per sse with Petro Amaz. Going for for a pee back in a min.

Please help quote - Larrea announced that, at the end of this month, the Intracampos bidding round will be announced under the participation modality for exploration and production of 8 oil fields in the Amazon region, which estimated an additional investment of close to $ 1,000 million. I can't work out is this the start or the end bid date. GLA

We are way off good comms wiith BOD, if ever, and trust but if Amer can offer lower risk = weather proof non disruption throughput , lower cost delivery - then the only problem is Ecuador TODA system . GTD Help be our eyes soon, I'm bladdered. HNY

AMEr offer a future potential supply route deal. Develop a fallow area into production, news awaits - be patient. HNY ODA too small needs another upgrade soon.

Offer a supply exit route to potential customers, avoid weather distruption an lower cost. Sometimes a storm does bring offerings, we have a head start on this and in time it will flourish when the RODA ECu system is healthy and there will be add ons and no doubt deals soon. GN & GLA This supply route needs to move forward after Chiritza quickly as that will be full in 3 months.