Member Info for Focus321

Topped up & sit tight. News on Calao..then Pav... Ocean of oil to prove up. IMO..a deal will be done with GTE..its business.. We need oil to fill OBA...They need to evacuate chap & at some profit..just business Gl

Calao

Calais T D...next week ?? Gl

&& 10 days to test !! Mid March...not long to go. Gl

You don’t find a 300ft oil column in isolation. It has to be part of a bigger trapping system,” says John Wardle, chief executive. Geological analysis of Indico-1 has classified at least 18mln barrels in the 1P category, he adds, the most certain category there is. If the oil/water contact point turns out to be, say 40ft lower than 283ft, those reserves will go up to 33mln barrels, but deeper than that can rise to 70mln or even 100mln barrels. The drill rig has now moved onto a third well, Calao-1, which will test the geology to the south-west of Indico, to be followed by Pavo Real-1 to the North East. In all, six wells are planned on CPO-5 this, year including two appraisals.

All I can say is that each drill is very different..depends on what they encounter on the way down. In this industry a few weeks means nothing..its a capital intensive industry & a few months is short term. We are invested here for a long time & progress in the last 6 months has been great. We have done well from our initial investment in CPO 5 & lots to still come. Let's see where we are mid March with this. Gl

J W indicted that oil in Indico could be deeper & Amer have funds & facility & could arrange further funding should the need arise. J W very excited about C P O 5...the original drill plan has changed. I assume GC is in India too. Ongc need lots of oil...we will help them with that. Ultimately we will end up prospering around the Colo & Ecu border.with OXY & others...imo

OBA + OXY = Big pipe + Big production.. The Future. Gl

There was an article 're JV to increase oil production is Sth America. Amer is helping with this..need a ramp up big time 4 all parties

"3 producers in cpo 5 & you can drill forever, as the cash recycles itself" J W...after Calao...looks like Rig 2 & lots of drilling activity. He also mentions being a medium sized producer 50k bopd ish. O X Y helped build OCP pipeline in Ecu. We maybe producing in South Colo & Ecu..in future.

IMO..we 'll have 2 rigs on cpo 5, prove up & sell within 2 years..give or take. The proceeds will be used to invest in PUT & ECU... IMO...20k to 30k bopd through OBA in 2 years or so...Amer oil & partner/ bought in oil. It would make sense to have a 2nd pipeline into Ecu..in the future..dependent upon oil production. Lots to look forward to on the meantime . Gl

Cal & Pav.. Potentially +3 to 4k bopd each All this by mid year..possible !! J W doing the rounds to II s Gl

GTE oil to take up the spare capacity..?? Seems logical..another long term relationship with a major.... Major focus on cpo 5 this year...lots of interesting wells to look forward to. Gl

..& be patient.... The next 6 to12 months will be game changer here...imo Gl

C' Mon cal..drill. spud for +4k bopd next month. GL

We should have some news on CPO 5 additional drills & Plat by this time

Wells will be drilled...reserves will be added. J W is coming...with news for his visit.

GC & Malcy vid..last year. LL34 Continues to CPO 5...& serious valuations unblock once Indico comes in...thats what GC said. Gl

ML You 're welcome....if we see 40p this year...i 'll be happy. Hl

U can select print...then select a pdf printer in printer options or File..save as & select pdf in file type menu. Make sure u have pdf software like pdfill or something. I saved it that way too.. hope that helps