Exploration & Production | Drilling / Well Results
Canacol Outlines Flow Test Results from La Luna Shale Well
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Canacol Energy Ltd. has reported an update of the testing operations from the La Luna Formation in the Mono Arana 1 exploration well pursuant to the VMM2 Exploration and Production Contract covering the Middle Magdalena Basin of Colombia.
Canacol has a 20% non-operated working interest in this Contract, with ExxonMobil Exploration Colombia having a 70.1% working interest and Vetra Exploración y Producción Colombia having the remaining 9.9%.
As reported on January 24, 2013, the Mono Arana 1 exploration well encountered 230 feet of net oil pay within the naturally fractured Cretaceous La Luna Formation. The Corporation has a 20% working interest in this part of the VMM2 contract for the La Luna. Two flow periods have been completed in the La Luna naturally fractured reservoir within the…
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