PAN ANDEAN RESOURCES......Discussion thread

pizzaman - 20 Dec'02 - 14:54 - 9971 of 10022
''excellent news!!! [A full engineering team
will arrive at site shortly to complete project
evaluation. Pan Andean holds a 30% stake in the field.]
I expect RNS after evaluation''

I think it would be best if you waited for more information to
immerge before you overexcite your self Pizzaman.

Anyone wanting to drill new wells at Monte will probably not
want to use the old seismic surveys because as you know the
last 2 infill wells proved to be duff using it.

As Pan has said they want to use new drilling methods and
this will probably require a new seismic survey, after the survey
has been taken it will need interpreted before deciding where
to drill, then if they intend to drill 3 infill wells a year they will
require a long term drilling contact and rig hire.

As I say Pizzaman if new surveys are required it could be a
way off yet before any drilling is done, maybe Curry or Edgein
could get a better picture and ask Pan how long it may be
reasonably expected to take.

Best not to get to excited a.

J.B.