RE: Acquitions seem to have been put20 Aug 2021 14:26
Advanced discussions are in progress with regard to the drilling rig and also long lead items with the objective of commencing drilling operations on time. In this regard, investors are reminded that both the rig, long lead items and service companies have to travel some 1,700km from the Neuquén Basin, approximately the distance from London to Moscow as there is little in the way of oil services in Salta. In respect to the rig, discussions include retaining the rig in field so as to make it available for any drilling in the first part of 2022.
Big place Argentina and as NicetoMichu "they've got acerage in Argentina still to develop" Some of there prospects have not been drilled for years. "Each and every opportunity is carefully considered; however, in the absence of suitable prospects and terms, the Company continues to avoid spending acquisition dollars with all the direct and hidden risks, costs and expenses when much under-utilised existing production assets in the Company's portfolio, such as Salta, can be exploited."