Value Microcaps Junior Energy

[dr_airtime]

PNO.V Pentanova notes from CFO presentaion today...

...at Keith Schaefer O&G subscriber summit:

Pentanova
- have offices in Bogota, argentina manager lives in BA. All senor mgmt lives in Bogota
- 2P $200M value of first drilling target in Colombia
- Argentina needs heavy oil to optimize refineries
- Sarafino-Giustra play. Petrominerales 2.0
- Will move rig to Colombia in November
- Disxovery well 18Mmcfs by texaco but suspended in 1980 on their Colombia property
- Target is production by july 2018 at 26MMCFD
- Looking for 30-40% reserve increase at Colombia in next 6 months
- Right next to Canacol's land in Colombia
- Ecopetrol suspended another well at 10MMCFD in 1980s on Colombia package
- Llamcanello argentina heavy oil. 1400bopd current production. Pipeline goes to stranded refinery that needs heavy oil. 100 wells drilled, 33 on production. No other low hanging fruit heavy oil properties like this globally. That is because Argentina is a basket case though