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Canacol's Well Targeting Clarinete IPs at 27 MMcf/d
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Canacol Energy Ltd. reported that Oboe 1, an appraisal well drilled in its Clarinete gas field on the VIM 5 Exploration and Production Contract, has tested at a final rate of 27 million standard cubic feet per day (4,737 barrels of oil equivalent "boepd") of dry gas with no water from the second, shallower, test interval within the Cienaga de Oro reservoir.
This flow test is the second of three separate tests planned on three separate gas bearing reservoir intervals within the CDO reservoir encountered in the Oboe 1 well. The first test interval, deeper within the CDO, tested at a final rate of 26 MMscfpd (4,561 boepd) as reported on February 25, 2016. Canacol, through its wholly owned subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract.
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