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To: kidl who wrote (96873)	5/29/2012 3:20:54 PM
From: Rocket Red	Respond to of 112399

lol was just there for new years

To: kidl who wrote (96873)	5/29/2012 3:21:12 PM
From: fringe	Read Replies (1) \| Respond to of 112399

PTV They have an update pending on the new flow rates on the 2 producing wells expected end of May I also think something corporate is up. CEO position is now open And then there's those 25M warrants that want to be sold in the .20's.... fringe

To: kidl who wrote (96873)	5/29/2012 6:19:33 PM
From: Rocket Red	Read Replies (2) \| Respond to of 112399

Petroleo of the previously announced Tartaruga discovery in Brazil. A cased hole test on the P6 Zone in the Penedo Formation (depth 3235 meters to 3268 meters over all) produced at a limited rate of 744 barrels of oil per day (gross) of 41.5 API gravity oil with no water cut on a 10/64th choke with a flowing bottom hole pressure of over 2800 psi. Flow was limited due to the inability of the surface facilities to handle larger volume. Based on engineering analysis of the test data received from Schlumberger, real time Bottom Hole flowing pressure information, and electrical log data, it is estimated that this zone could produce up to 1,550 barrels of oil per day. There are 5 additional zones in the Penedo Formation that appear to be capable of production and planned to be tested and completed at a future date.The forward plan is to put this well into immediate production using the existing facilities along with well 1-SES-107D that is currently producing at 80 barrels of oil per day (gross) and will be worked over in the near future to increase productivity. It is believed that the field will support at least two additional looks like this well could have achance at 2000 plus barrels per day