RE: After yesterdays RNS20 Mar 2022 08:39
Brasso3 " Paraguay is the way out for many and possibly a route to a profitable investment for the brave."
Lets not forget we now also have ATOM, yes i know profit from that is way in the distance , but our green credentials are there and that alone could be a game changer. We are also now producing from new wells at Puesto Guardian , Salta the first to be drilled for ten years. If we do get production from these for the next decade like they have in the past,then that's a good investment. Louisiana is back up and producing at a time when we really needed those $.
"With one new well in Salta on stream and still stabilising, the second to be online at the end of this week and the third to be drilled this month, Salta commercial oil production is already increasing and is expected to continue as the other new wells come on. The waterflood secondary recovery project in Rio Negro scheduled to start within 6 months is very promising for both stabilising natural decline and increasing the amount of recoverable oil. Work is progressing to prepare for the high impact exploration well in Paraguay to be drilled this year targeting, based on internal estimates, 230 million barrels of unrisked oil in place
"We therefore look forward to an improved performance this year with regular newsflow keeping the market updated".