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Canacol IPs Leono-1 Well; Hits Four Separate Reservoirs

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Canacol IPs Leono-1 Well; Hits Four Separate Reservoirs

Canacol Energy Ltd. has reported the first flow test result from the Leono 1 exploration well located on the LLA23 Exploration and Production Contract in the Llanos Basin of Colombia.

As previously reported, the Leono 1 well encountered 133 feet of net oil pay in four separate reservoirs. The Corporation has an 80% operated working interest in the LLA23 contract, with Petromont Colombia S.A. Sucursal Colombia holding the remaining 20% interest.

The Leono 1 well was spud on November 9, 2013 and reached a total depth of 11,995 feet measured depth on November 26, 2013 with strong oil and gas shows encountered while drilling through the primary reservoir targets. The well encountered 133 ft of net oil pay in the following reservoirs: 13 ft of net oil pay within the C7 reservoir with an…

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