PRE's 2013 Drilling Campaign

[maui4marko]

Sloppy, Criolla, and Duro... sounds like tree's next 3 wives lol

[Palm]

Hohoho; Maui is scoping out Tree's next 3 prospects

[maui4marko]

gonna have to beef up the floating kegs, heading to Hawaiian liquor now

[Palm]

Don't know if anyone has looked at the last several PRE slides in the Financial section, but this is a healthy company; very successful in exploration and turning that into productin revenues. Very manageable debt and growing equity.

[ArtM72]

Interesting that the three wives surround but do not include the long, narrow prospect shown by IOC northwest of Triceratops. I can't quite make out the name from my map copy...Plaeteosaurus?. Maybe Palmosaurus. I don't know. But IOC's data there appears to have been reinterpreted.

Another interesting slide in that presentation, 73, shows PRE with 15 teams of geoscientists and an overall 80% success rate since 2006 in drilling 202 wells. Good Karma, good science, or both?

[Getitrt2]

Interesting that the three wives surround but do not include the long, narrow prospect shown by IOC northwest of Triceratops. I can't quite make out the name from my map copy...Plaeteosaurus?. Maybe Palmosaurus. I don't know. But IOC's data there appears to have been reinterpreted. Another interesting slide in that presentation, 73, shows PRE with 15 teams of geoscientists and an overall 80% success rate since 2006 in drilling 202 wells. Good Karma, good science, or both?

It's Pteranodon.

[petrengr1]

Interesting that the three wives surround but do not include the long, narrow prospect shown by IOC northwest of Triceratops. I can't quite make out the name from my map copy...Plaeteosaurus?. Maybe Palmosaurus. I don't know. But IOC's data there appears to have been reinterpreted. Another interesting slide in that presentation, 73, shows PRE with 15 teams of geoscientists and an overall 80% success rate since 2006 in drilling 202 wells. Good Karma, good science, or both?

It's Pteranodon.

At the Analyst meeting in PNG on Oct. 1, 2012 we picked up the following information:

Dave was asked where he thought the best prospects for oil might be. He said West of Triceratops.

He also mentioned White Tail, Raptor and Mule Deer as possibilities but said don’t count on it but don’t rule it out.

This is particularly interesting now that PRE shows three new prospects west of Triceratops and mentions Raptor for one of their planned wells to drill in 2013.

I do not know if it is  connected in any way but it seems to be highly coincidental.

I think the Raptor well will be drilled at the North end of the Raptor prospect because I believe that to be the highest part of the structure. It also just happens to be the closest prospect we have to Puri-1 which we know produced oil for about 10 days. Another coincidence?

Something to keep in mind.

[petrengr1]

You might find it of some interest to re-read my post of April 8, 2013 http://shareholdersunite.com/mybb/showthread.php?tid=3282&pid=20422#pid20422

Now we have this PRE information that we got on April 16th. As I wrote on April 8th PRE is supposed to be involved in 10 wells in PPL237, 6 wells at Triceratops and 4 wells in other parts of PPL237. I earlier speculated that we might get a well in one of the prospects near Elk/Antelope. We now know that PRE plans to drill 3 wells in 2013 and 7 wells in 2014. It looks like they will not have time to drill three wells in 2013 unless they can get started very quickly. We also now know that the prospect that they plan to drill near the Elk/Antelope planned infrastructure will be Raptor-1.

See http://www.pacificrubiales.com/images/st...idated.pdf
Charts 105 & 106

If they bring in two rigs they will want to have a continuous two rig operation to fulfill their 10 well commitment. This will allow them to have continuous service contracts for drilling support i.e. Schlumberger, Halliburton, Weatherford ?, Helicopter services etc.

It will take some time to get the rigs imported and the service contracts arranged not to mention the drilling programs written and planned in detail. So be prepared for a slow start. This assumes that IOC remains the operator and does not get bought out.