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LM-5 choked back. Storage or Transporation problem
BlueBullzer1
12/3/2012 8:21:51 PM | No Recommendation | 286 reads  | Post #31857558
 

So last we heard LM-5 was being completed as a Gacheta producer and was flow tested at 3700 bopd.  Now it is choked at 30/64 with current production being announced at 1750 bopd.  In the initial news release they mentioned wellsite storage capacity limitations and i'm gonna take a wild guess they are having trasportation issues as well.  Being partnered with Parex do you think these issues will be resolved quickly, and we will be back at 3700 making total working interest of 5000 bopd possible by the start of 2013?  I am still glad the company fulfilled it's goal of 3000 bopd though.  Management keeping promises is huge IMO.

Cheers

 
 
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