PAN ANDEAN RESOURCES......Discussion thread

pizzaman - 25 Dec'02 - 20:28 - 10024 of 10029
‘’ I HAD MONTY AT THE BOTTOM OF MY LIST OF MOST
VALUABLE RE ASSETS.TO ME THIS NEWS IS EXCELLENT
AND I WILL BE BUYING MORE SHARES WHEN
THE EVALUATION IS COMPLETE AND TO MY LIKING. ‘’

So are they not good enough to buy before the evaluation Pizzaman
?????

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pizzaman - 25 Dec'02 - 20:28 - 10024 of 10029
'' YOU PLONKER WHO SAID ANYTHING ABOUT NEW WELLS? ''

YOU PLONKER PIZZAMAN, you can read carn’t you ( doubtful )

Pan said something about NEW WELLS, you need some help
PLONKERMAN.

Pan said.

‘’ The Monteagudo partners are considering a proposal from
an international oil group to substantially boost the field’s oil
production by DRILLING THREE WELLS yearly on untapped
sections of the Monteagudo oil reservoir. ‘’

‘’ The farm-in group believes that appropriate DRILLING and
enhancement could dramatically increase production levels,

Does Pizzaman think they can raise production to 4,000 bopd
without drilling NEW WELLS, but how many NEW WELLS are
required to get it to this level, 3 a year but over how many years
to get it to 4,000 bopd. The last infill well at Monte came in at
500 bop but tailed off after a few month.

Pizzaman you do know that if they drill 3 infill wells a year that t
hey will be NEW WELLS or are you really that gormless.

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pizzaman - 25 Dec'02 - 20:28 - 10024 of 10029
‘’ WHO SAID DRILLING METHODS AND NEW SEISMIC TESTS?? ‘’

I DID, DO YOU NOT UNDERSTAND WHAT PAN TELLS
YOU PIZZAMAN ????

Pan quote ‘’ may respond particularly well to modern drilling
techniques.’’

‘’ techniques.’’ ‘’ METHODS ‘’, get it pizzaman ??????


Who would drill NEW WELLS with old seismic that has failed
to hit a good producing reservoir twice. ???? ( yes Pizzaman )

‘’ 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.’’

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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.

IMHO. The first thing they will probably try before drilling
NEW INFILL WELLS is to carry out a bit of chemical treatment
on the old wells in attempt to raise production, they may even try
to re complete some of the old wells by carrying out some work-overs.

Best not to get to excited a.

J.B.