Exploration & Production | Discoveries | Top Story
Canacol Hits 133 Feet of Oil Pay at Llanos Basin Leono Well
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Canacol Energy Ltd. has reportedthe results of the Leono 1 exploration well drilled on the LLA23 Exploration and Production contract located in the Llanos Basin of Colombia.
Leono 1 is the second A3 exploration well the Corporation has drilled on the LLA23 contract following the Labrador discovery announced in late calendar 2012. The Corporation has an 80% operated working interest on the LLA23 contract with the other 20% interest held by Petromont S.A. Sucursal Colombia. The Leon 1 encountered 133 feet of net oil pay within 4 different reservoirs, and the Corporation is currently preparing to conduct a series of production tests on the discovery.
Charle Gamba, President and CEO of the Corporation commented, "Leono 1 is a significant success for the Corporation, our second in a row on…
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