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Canacol Hits Pay at Latest La Luna Exploration Well
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Canacol Energy reported an update on the Mono Capuchino 1ST exploration well and the Corporation's drilling program.
The Mono Capuchino 1 exploration well was spud on December 17, 2016, reaching a total depth of 10,023 feet measured depth before experiencing mechanical difficulties that required the well to be sidetracked. The Mono Capuchino 1ST reached a total depth of 10,245 ft. md within the La Luna formation on February 22, 2017. The well encountered approximately 103 feet of net oil pay within the Tertiary Basal Lisama sandstone reservoir, with average porosity of 22%, and approximately 406 feet of net oil pay within the Cretaceous La Luna formation, which consists of shales and limestones with average porosity of 15% and open fractures visible on image logs.
The Lisama sandstone…
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