RE: El Pantano - Nearby project23 Jun 2025 22:07
In regards to a raise for extraction, I mean with the end goal being that.
Yes, they’ll need another rig, the good thing with Pepas is that it’s not too big a footprint, it starts at surface. The holes have been taking what, 3 days? It wont take forever prove it up. All the while pushing through the the different permits, licenses etc. I believe they started this process a while ago.
To cut a long story short, they need a bigger team and to ramp up activities. Especially when they’re also wanting exploration to continue / begin in parallel at Pepas North, El Cedro and El Pantano.
It’s worth noting, the license, 13635011, which Apta, El Cedro and Pepas all fall under, already has been granted for Exploration, Exploitation and has the environmental license.