Hi Dondon and Thomas.
Your enthusiasm and optimism is "infectious"
But am still disturbed by teh huge debt, if oil goes down for a longer periods of time. PDP may be our savor. If La pinta testing is as big as Argentian and if they can produces about 10, 1000bbl/d and the discovery isn Peru is huge, the pdp can go as high as $25 annd is about 300mi for CLL, then sudenly cll is attractive.
So we hope, oil stays above 60 utill algar is on productiom colombia and peru are big and pdp goes to over 20, and if pod 1 and algar produce about 40,000 in 4 years and still oil is above 60, then our debt can be paid off with PDP gains and in 2015 we can be porodocung about 60,000b/d instead of 50, 0000.
But all this is if Jeff Rubin is right again as he was in 2000. But if oil goes as low as 40 for a protatracted time then cll will fall over its heavy debt weight. That is spooky.
I will be happy to see CLL in around $8 with completion of algar in late 2010
I am nt even convinced that DG is thinking of restaring algar this summer.
I could not find in on how big is cll's sweet oil reservers, they talk about conventional reserves, but that included naturall gas, Does it even have sweet oil reserver?