Exploration & Production | Operational Updates | Drilling / Well Results | Top Story
Canacol Highlights La Luna Shale Success
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Canacol Energy Ltd. has reported its financial and operating results for the three and six months ended December 31, 2012.
Exploration SuccessesOn October 31, 2012 the Corporation announced that the Mona Arana 1 exploration well on its VMM2 E&P contract located in the Middle Magdalena Basin had encountered 85 feet of net potential oil pay within the conventional Lisama sandstone reservoir. A subsequent test of the interval in January 2013 produced 1,242 bopd. On January 24, 2013 the Corporation announced that the Mona Arana 1 well had encountered 230 feet of potential net oil pay within 700 gross feet of the non-conventional Upper La Luna shale. ExxonMobil Colombia, the Corporations partner in the well, exercised its right to assume operatorship of the well and the contract. ExxonMobil…
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