PMG plössähti(-18%) jälleen

Tuoreimman päivityksen myötä
 Petrominerales Provides Exploration and Operations Update Highlighted by Bromelia-1 Well Encountering Over 200 Feet of Net Reservoir

 At Bromelia on Block 25, we have reached our third intermediate casing point of 18,015 feet measured depth after penetrating the Carbonera, Mirador, Guadalupe and Barco formations. The well penetrated an initial 204 feet of net potential reservoir. The log data is considered to be poor as the density tool only functioned intermittently during the logging operation. Net potential pay is initially estimated to be 40 feet and the well was successfully cased to 18,015 feet. Hydrocarbon shows either described from geological description or seen in mud gas were encountered in the Carbonera C8, Mirador, Guadalupe and Barco formations. Following drilling of the final section of the well, expected to be up to an additional 800 feet and reached in mid-May, we will acquire logs and initiate a comprehensive testing program. We believe that the thickness of reservoir quality intervals encountered at these drilling depths is very encouraging for the prospectivity of the Block. We also have initiated a 187 square kilometre 3D seismic acquisition program on the northern portion of the Block. The 3D seismic, combined with our well results, will help to significantly improve our geological and geophysical understanding of the area.

  Tiedotteen otsikko on hyvin outo. Net reservoir ei tarkoitaa samaa kuin net pay eikä PMG ole aiemmin juurikaan käyttänyt tuota termiä. "Very encouraging for the prospectivity of the Block", tämän voisi tulkita tarkoittavan sitä että tämä nimenomainen prospekti on tyhjä, mutta blokissa on vielä potentiaalia.

Block 126, Peru
The testing of the La Colpa 2X well has been completed and no hydrocarbons were encountered. Log analysis and sample evaluation had suggested potential for hydrocarbons in several zones; namely in the Tarma sandstone and in several porous intervals in the Copacabana carbonates. The Tarma was completed first; little fluid was produced and no oil recovered. Pressure information indicated the permeabilities were too low for the interval to be considered economic. The Tarma was suspended and completions were initiated on several porous intervals in the Copacabana. Despite encountering oil and gas shows in the samples while drilling, it appears the entire Copacabana section has been flushed with fresh water. Unusually low salinities in the formation waters complicated log analysis as fresh water generates a similar high resistivity log signature to that of hydrocarbons. Although excellent reservoirs were encountered, with flow rates of up to almost 4,000 barrels of fluid per day, only water was produced. 

Tämä reikä on siis tyhjä. No olihan siellä vettä. Sademetsän alta löytyy makeaa vettä. Ken olisi tiennyt.

Vähintään toinen yhtiön suurimmista prospekteista on arvoton ja ja toinenkin näyttää aika heikolta. Bromelia on/oli PMG:n kannalta selvästi merkityksellisempi, sillä Perun löydön kaupallistaminen olisi vienyt aikaa.

Muutamia pieniä osumiakin on tehty, mutta ei mitään merkityksellistä tämän kokoiselle yhtiölle. Tein vieläkin pienen KHATtauksen. Koko possa miinuksella ~35%. Brent myy kuitenkin yli 110 dollarilla per pytty ja PMG imaisee tänä vuonna $600-700 miljoonaa  kassavirtaa reilun 30,000 tynnyrin tuotannolla.