You are right we dont know the reserves, but 1800 bopd with a low watercut in the llanos sounds pretty good. From the standpoint of where CNe is right now I consider this to turn the table completely as it solves alot of the short term cash flow issues and profitability. I can see production doubling in two months, and at 15,000 boepd with all that land they can be patient with the partners.
Presentation is terrible though... they need to start from a new slate and communicate clearly instead of just adding on..
Either way I think we are going to make some money... finally