I'd guess GTE's recent Costayaco document may "eventually" improve the valuation of GTE. Gran Tierra's Costayaco development plan (translated from Spanish) as submitted to ANH Colombia's Agency of Hydrocarbons, is now public and in english- (linked below).
GTE's development plan, to me, implies there are several large light oil targets between what we know as Costayaco and the Cordillera mountains. Gran Tierra currently combines them and refers to these oil targets in the Chaza block as Norte Costyaco. Previously noted as three separate oil targets Moqueta, Pacayaco, and Costayaco, each estimated to be about the same size as Costayaco 60 mmbo (million bbls of oil).
GTE's early research indicates that Costayaco(Cafelina) , Moqueta, and Pacayaco were/are each 60 mmbo oil targets (resources). Maybe the combined total resource target is 180mmbo in the Chaza block on the south side of the Urcusique fault, located parallel to the Cordillera mountains.
Verdeyaco is estimated at 100mmbo oil target, and is located in the north quadrant of the Guayuyaco block, also south of the Urcusique fault.
translate.google.ca
this link shows the map of the four main targets starting in the foothils of Cordillia mountians and continuing into the foreland/plains. investorvillage.com
summary of GTE drilling in the Putumayo investorvillage.com
All these potential oil fields appear to have similar geology, oil migrating from the mountains, is trapped in stratagraphic traps). The main reason I own Gran Tierra is that the lessons learned in the exploration and production of Costayaco will in the future be valuable in the E&P of Moqueta, Pacayaco, and Verdeyaco.
Cheers! |
