PAN ANDEAN RESOURCES......Discussion thread

"The target is 450,000 barrels of oil and 1.5 billion cubic feet of gas at a depth of 8,900 feet. Drilling is expected to take 10 - 12 days. Zachry exploration is the operator and Pan Andean holds a 9.375% working interest."

Target 450,000 barrels? Is that recoverable or OOIP? Pre 10% = 45,000 Barrels. Unlikely to be worth $2m imho - that would equate to $44/barrel, which seems high considering we don't know what quality any oil is (or isn't), infrastructure costs etc.

I won't be getting axcited any time soon.....

MUCH better propsects elsewhere imho. Hanging onto this waiting to claw money back is just denial, and it's costing you each day.....