Now must be time for PPC to gain some much needed interest from investors, ten trading days till end of month and news on Paraguay Farm Out. Really hope for a mid day RNS to make it a little more exciting IMO .
Now it's starting to add up, well done PPC so we still might get our 470 boepd from LB-1002...... " LB-1002 well completion the opportunity may be taken to hydraulically stimulate this well at or around the first week of May. It is considered that production levels of 80,000 m3/d (2.8 MMsft/d or 470 boepd) can be achieved one way or another."
C1984 And we could double that again in 12/18 months. Like the man said revenue before experiences , no wild cat drilling here they have already done the drilling now just down to fitting a few pumps. lol
AParky Thks for high lighting about the CGC subs, will be watching with interest ;-) . I wonder if you have any idea how much PL has stashed away over the years from the interest, or are we to feel sorry for him as a main share holder and down on his investment's . ( But not forgetting the subscription last year looks after him self at all times ) .
The_Doc Peter L has much to prove to the market, after years of issuing share like confetti with little regard/respect towards investors let's not give him to much credit just yet. Now after saying that and my rather negative posts , we are moving into a rich vain of company enhancing new flow. Only 11 days for conformation on our Paraguay Farm out and with strong POO should bring interest. AParky rec and agreed your last post.
The_Doc.......... Good for you , 26% impressive . Now lets ask some of the long term investors how well Peter is doing . Options for staff at 1p that was some Pi|@@ take, he think's they are the only people who work hard and we the share holders are just cannon fodder.
AParky So true, quick to tell us the good news but like a little shrew scurrying around trying to hide bad news. Remember EVx-1 flowing at 470 in September , then ...." was producing 50,000 m3/d (1.75 Mmsft/d or 294 boepd) after a workover at the end of last year but suffered a casing collapse at the start of this year. "Accordingly, the twin is intended to both recover and enhance this production level with a targeted initial production of 60,000 m3/d (2.1 Mmsft/d or 353 boepd) Then we find out after all this time were only getting 230 boepd. Not very good is it Peter . So that was $250K , then $1.5 million and for less production.
Down we go........Just not good enough Peter L, four months to only get 230 boepd and that's before testing. Time to get on your soap box and explain to your share holders what's happening in the world because we are cabbages and don't understand.
News over due .....In parallel to the above work, again as previously announced, in the next few days the new well LB-1001, drilled and completed in Q4 2020, will be subject to a workover to perforate and produce from the original main target interval in that well, being the Intra- Loma Mantosa formation. It is anticipated that initial production from that interval of some 26 metres total net thickness will be 80,000 m3/d (2.8 MMsft/d or 470 boepd). This interval should provide longer life and less water production than the lower much thinner section which had very good initial production but is currently being produced with a high percentage of water.