-ARN

Arcanit taasen myyty. Tilalle ehkä Sintanaa(SNN). Tj:llä on aika komea ansioluettelo, muuten johto on aika blaah. Exxonin farm-in lähinnä kiinnostaa.

Kana Kollilan maita Zoomerin hollilla

Canacol Energy Ltd. and ExxonMobil Sign Agreement for Shale Oil Exploration Project in Colombia

Key terms and conditions

Pursuant to the terms of the FOA, ExxonMobil will carry the cost of the drilling and testing of up to three wells to test conventional and unconventional targets in the La Luna and Rosablanca formations, both proven oil source rocks in the area. The first two wells will be vertical wells, while the third well will possibly be a horizontal multi-stage fractured well. It is anticipated that prospective intervals of the La Luna and Rosablanca will be cored and logged within the first well, and stimulated and flow tested within the second well. Should ExxonMobil choose to proceed with a third well, it will possibly be a horizontal multi-stage fractured well. Under the terms of the agreement, ExxonMobil will pay 100% of the cost of the three wells, up to a cap of gross US$15 million for each of the first 2 wells, and a cap of gross US$ 17.5 million for the third well should it be a horizontal lateral well exceeding 4,000 feet in lateral length, and US$ 15 million should it be another vertical well. ExxonMobil will also pay Canacol US$ 2.2 million upon execution of the FOA for back-costs related to the acquisition of 3D seismic on the block in 2011. The total potential investment on the block is approximately US$ 50 million. In return, ExxonMobil shall earn 50% of Canacol's 40% interest in the contract. Vetra will remain as operator of VMM 2 during the exploration period and expects to spud the first exploration well in late 2012. The formal assignment of working interests as contemplated by the transaction, including Canacol's 20% interest, remain subject to the approval of the Agencia Nacional de Hidrocarburos (ANH) of Colombia.

Canacol 2012 ohjeistus

Eilisestä tiedotteesta:

• Capex $150 miljoonaa

• 44 kaivoa(brutto)

• Keskimääräinen tuotanto 14,000-16,000 tynnyriä per päivä

Capexista rajoituksesta 2/3-3/4 voisi tulla liiketoiminnan kassavirrasta($26-30 miljoonaa per neljännes), loput taseesta. Varmaankin tekevät vähintään yhden annin ensi vuonna, siinä määrin tiukalle budjetti kiristää taseen.

Kaivoista 42 Kolumbiaan, yksi Guyanaan ja yksi Brasiliaan.

Tuotantoennusteen toteutuminen merkitsee 27-45% kasvua vuoteen 2011 nähden. Ennuste ei sisällä exploration-kaivojen mahdollisia vaikutuksia. Tuotannosta suuri on yhä Rancho Hermosan tariffituotantoa, josta CNE taloudellisesti saa vain murto-osan(noin 1/6 tavallisesta WI-tuotannosta).

Lopuksi sitaatti tiedotteesta purtavaksi:

With the closing of the Carrao Energy acquisition in November 2011, Canacol has exposure to 138,000 net acres of conventional and unconventional light oil exploration opportunities in the Middle Magdalena basin. The contracts are situated in a potentially large, unconventional oil shale fairway centered on the thick Cretaceous La Luna formation analogous to the Eagle Ford formation, which underlies much of south and east Texas. This unconventional play type has received considerable attention from international resource play operators in recent months. Ecopetrol is targeting over 25,000 barrels of production per day from the Middle Magdalena unconventional shale fairway by 2015. The blocks are also favourably situated on a shallower conventional oil fairway in proven producing reservoirs in the offsetting blocks.