Mr. Nelson Navarrete reports
PETROAMERICA PROVIDES A TESTING UPDATE WITH ITS LAS MARACAS-5 WELL FLOWING AT 3,700 BOPD
Further to its operations update release on Nov. 13, 2012, Petroamerica Oil Corp. is releasing the results of continuing testing operations at its
Las Maracas-5 well, which flowed approximately 3,700 barrels of oil per day from the middle Gacheta sand only. This rate does not include
production from the lower Gacheta sand.
The middle Gacheta sand, which produces in the Las Maracas-3 and Las
Maracas-4 wells, was flow tested in the Las Maracas-5 well and produced
30-degree API oil from a six-foot perforated interval at a maximum rate of
3,762 barrels of oil per day under natural flow conditions with a water cut of 0.1 per cent at
the end of the test. The well was tested over a 13-hour period and had
to be choked back due to storage capacity limitations at the well site.
The well will now be completed as a Gacheta producer following which
the Tuscany 109 rig is expected to be skidded to drill the Las
Maracas-6 well.
The Las Maracas field is situated in the Los Ocarros block, Colombia,
where Petroamerica holds a 50-per-cent participating interest.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.