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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (232837)	1/11/2014 9:54:21 PM
From: 31Floors	Respond to of 313059

This is the last of the DD I wanted to provide and gives one a "leg up", IMO. Its a webcast made in Aug 2012 that is ridiculously relevant today, particularly in light of the CLL NR on Friday. :) The challenge was to reconcile what I heard on a 1.5 year old webcast to the company today. The webcast provides so much more detail than can be gleaned from a powerpoint presentation. Included are plans for drilling both TDF and CLL, but as things turned out both initiatives were delayed due to not being able to get legislative approvals for the TDF concession extension. These were finally obtained in 2013, paving the way for the plans for q1/ 2014. The Elle Valle detail you can toss - 20 out of 21 successes sounds like a big deal - but EV was written down in 2013 at a cost of $10m US. (Get the bad stuff out of the way, I say!) This is from my favorite part of the webcast: ".... the elephant on the block is CLL which is a conventional rich play as well....... we believe we will have a very lucrative high flowing gas flow and production stream coming from it.....(31Floors: let's not count the chickens, ok? Also is the target planned in 2012 the same as targeted today? I don't know.).... we believe there is about 180 Sq Mi of Vaca Muerta shale potential. We've assigned 250 million barrels of resource potential to it. These were used in YPF's initial numbers that were released about 8 months ago and divided them by a quarter. Since then, YPF have taken those numbers and multiplied them by a factor of 10. Uh, oh, and this is why there has been so much interest generated in the property". investorcalendar.com CWV Argentina's CEO at the time was this fellow. He is described in the webcast as a long time YPF staffer. Can we assume he knew what he was doing when CWV obtained its Vaca Muerta properties? investing.businessweek.com Time will tell, right?