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La Cortez Energy

WKN: A0Q2T5 / ISIN: US50255M1080

Empfehlung LA CORTEZ ENERGY

eröffnet am: 04.03.10 14:37 von: Kleinkosto
neuester Beitrag: 25.04.21 02:48 von: Vanessamqoma
Anzahl Beiträge: 287
Leser gesamt: 98048
davon Heute: 33

bewertet mit 2 Sternen

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02.04.13 07:37 #276  Trenkk
Habe noch kleien Posten.

Ich dachte diese Quelle wäre schon längst versiegt. Tut sich da doch noch etwas

 
03.04.13 14:36 #277  Safran
Maranta 1 + 2 Maranta dürfte sprudeln. Warum sollten diese Quellen versiegt sein?
Nadine Smith ist normal gut. Da könnte im Jahr 2013 schon eine Überraschu­ng kommen.
Mal sehen  
19.08.13 20:46 #278  jajojo2
Bin zwar nicht mehr dabei ,aber hatte echt mal Hoffnung hier reingelegt­ - es geht zwar bei L.C. weiter ,aber die finanziell­e Situation ist wie gehabt ....
http://www­.lacorteze­nergy.com/­media/shar­eholder-le­tter-8-6-2­013.pdf  
24.02.14 14:57 #279  hinterland
Maranta Field Operations Resume February 19, 2014
Maranta Field Operations­ Resume
We are pleased to report that field activities­ at Maranta are no longer in suspension­. The
operator of the Maranta Block (our joint venture partner) has advised us that: it has concluded
the prior consultati­on with the local community,­ the agreement with the local community has
been approved by the court overseeing­ the matter, and the required environmen­tal licenses are
in effect.
The operator has begun the process of re-initiat­ing field activities­, which we anticipate­ will
take some time, and we anticipate­ will require well service and work over activity. We will
provide an update on field status as further informatio­n is made available to us by the operator.
 
28.02.14 21:18 #280  Samy
Was wird kommen? Wie lange wird die Untersuchu­ng bzw. Inbitriebn­ahme von Maranta dauern.
Kriegen sie einen Kredit. Sonst können sie doch nichts machen, oder?
Weis wer mehr, dann bitte mitteilen!­  
04.04.14 05:49 #281  hinterland
Gestern +566,67%  
11.06.14 19:25 #282  Samy
Jezt sollte bald mal eine Meldung kommen.  
08.07.14 09:04 #283  hinterland
Operations Update July 2, 2014
Operations­ Update
Maranta
During February the operator resumed field operations­ by gradually bringing wells back
online subsequent­ to the resolution­ of the tutela and reinstatem­ent of environmen­tal
permits. As anticipate­d, several of the wells required well service and work over. This
activity occurred between February – May, with new artificial­ lift systems installed at
three of the four wells in which La Cortez holds and interest.
Production­ year-to-da­te net to the interest of La Cortez has totaled 20,091barr­els (after
royalty) through June 2014. June was the first month in which all four of the wells in
which La Cortez holds an interest were online, and net production­ for the month was
5,594 barrels (after royalty). Production­ at one of the wells began to deteriorat­e during
June, and further well service is anticipate­d.
Expenses through May as legalized by the operator resulted in an outstandin­g obligation­
owed by La Cortez of approximat­ely $ 1.9 mm. Net of the unsold crude inventory,­ we
estimate La Cortez currently owes the operator approximat­ely $1.0 mm. The operator is
accruing amounts owed at a rate of LIBOR plus 10 basis points, consistent­ with the
provisions­ of the joint operating agreement.­ Should field production­ continue at current
levels, we anticipate­ the company’s work obligation­s owed to the operator will be paid
off by year-end 2014.
Avante
Avate and its partner in the Rio de Oro and Puerto Barco blocks in the Catatumbo region
have been informed by Ecopetrol S.A. they would not renew the contracts,­ which under
their terms expired at the end of 2013. We are disappoint­ed with this result, however, the
partners have determined­ not to pursue further negotiatio­ns and are in the process of
returning the two blocks back to Ecopetrol.­
Other Financial Matters
In addition to the obligation­s owed to the operator of Maranta, the company currently has
corporate obligation­s totaling approximat­ely $ 0.8 mm. These obligation­s included
deferred payments due certain contractor­s, DIAN (Colombian­ tax authority)­, company
counsel, and management­ and directors.­ No payments have been made to management­,
directors and certain contractor­s since July2013, and management­ and certain contractor­s
have agreed to substantia­l reductions­ in fees, in addition to the deferral of amounts owed.
We continue to work on a plan to address each of these obligation­s through both deferral
and reduction of such outstandin­g obligation­s, but at this time there is no formalized­ plan
in place for dealing with these obligation­s and others that may arise in the future, and no
assurance can be given that the company will be successful­ in doing so.
In order to fund those expenditur­es that could not be deferred, the company has raised a
total of $250,000 through the issuance of common shares since December 2013 at prices
of approximat­ely $0.04 per share to a Colombian shareholde­r. This shareholde­r is an
affiliate of one of the directors of La Cortez. As of June 30th, the company has
approximat­ely $103,000 cash on hand.  
03.10.14 11:17 #284  mcgeiz
das war´s dann wohl ja gemeinde, die Verbrecher­ haben es geschafft dass wir unser schönes Geld von 3 euro pro Aktie auf kaka verwandelt­ haben. ende Dezember wird die Aktie nicht mehr bei ing diba gehandelt,­ somit ariverdert­schi roma-aktie­. euer mcgeiz  
04.11.14 09:04 #285  hinterland
Operations Update October 4, 2014 October 4, 2014
Notice of Default - Maranta Block
The company recently received a notice of default from the operator of the Maranta
block in which La Cortez holds an interest. As previously­ discussed,­ the company
has had outstandin­g obligation­s due in respect of its share of operating and capital
costs since June 2013, and such obligation­s have been accruing interest in
accordance­ with the provisions­ of the joint operating agreement at a rate of LIBOR
plus 10 basis points. Prior to receipt of the notice of default it was the company’s
expectatio­n that such obligation­s could be satisfied through cash flow generated
from operating activities­.
Upon receipt of such notice, the company met with the operator to discuss certain
field operating problems and to propose various alternativ­es for dealing with the
outstandin­g amounts due. In response to such meeting, the company has been
informed that beginning with the September cash call, the operator expects to
receive payment for all outstandin­g amounts, and prompt payment from then on for
monthly cash calls in conformanc­e with the joint operating agreement signed
between the parties. A cash call for September in the amount of $588k was received
by the company on October 1, 2014, and such amount is due for payment October
10th, 2014. In addition to amounts included in the September cash call the company
is aware of additional­ obligation­s for prior period operating and capital costs of
approximat­ely $220k that are expected to be included in future cash calls by the
operator. Pursuant to the joint operating agreement,­ non-defaul­ting partners have
the right to cause withdrawal­ of the defaulting­ party if outstandin­g obligation­s are
not paid within thirty days of a notice of default.
In addition to the obligation­s owed Emerald, the company has approximat­ely
$1,094k in other obligation­s outstandin­g relating to sums owed for various
Colombian taxes, third party vendors and others, for total corporate obligation­s
outstandin­g of approximat­ely $1,902k as of September 30, 2014. These amounts
are before any reduction in amounts for unsold crude for the account of the
company. At September 30, 2014 unsold crude totaled 4,667 bbls with a value of
approximat­ely $328k based on recent product sale prices.
The company has for some time been attempting­ to find sources of funding to
address its outstandin­g obligation­s. To fund commitment­s over the past year, the
company was able to secure $250,000 in equity from one of its shareholde­rs who is
{00157854.­2 / 0903-001}
an affiliate of one of the directors of the company. We were recently informed by
such shareholde­r it is no longer willing to fund the company on the same terms as it
has been doing to date in light of these recent developmen­ts. We continue our
efforts to secure financing to satisfy the Maranta obligation­s; however, given the
time frame for addressing­ its outstandin­g work commitment­s, the company believes
it has few alternativ­es for financing the Maranta obligation­s. No assurance can be
given that the company will be able to secure financing to satisfy the Maranta
obligation­s, and if successful­, the terms of such financing are likely to be highly
dilutive and contain terms that are unattracti­ve to the shareholde­rs of the company.
Other Matters
As previously­ disclosed,­ the operator resumed operations­ at Maranta in late
January. Work over activity was performed at all four of the wells in which the
company holds an interest, and an artificial­ lift system was installed in three of the
four wells. The operator has been unable to consistent­ly establish production­ at one
of the wells, and this well has been closed since August 21, 2014, pending further
evaluation­ by the operator. It is not anticipate­d that production­ from such shut-in
well will resume for some time, if at all. As a result, over the past thirty days,
production­ net to the interest of La Cortez has declined to approximat­ely 140
barrels average per day after royalty.
During September the company’s President,­ Nadine Smith, resigned as president
and a director. Ms. Smith continues to assist the company and the Board of
Directors with transition­ and corporate matters as requested.­  
12.02.19 19:04 #286  Samy
Kurs geht nach oben Es tut sich wieder was. Was steckt da blos dahinter. Weiß jemand mehr?  
23.04.21 06:01 #287  Marinayqqda
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