Exploration & Production | Drilling / Well Results
Prolific Well From Gacheta Reservoir for Canacol
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Canacol Energy Ltd. has announced its third consecutive light oil discovery at the Pantro 1 exploration well located on the LLA23 Exploration and Production Contract in the Llanos Basin of Colombia.
The Corporation has an 80% operated working interest in the LLA23 contract, with Petromont Colombia S.A. Sucursal Colombia holding the remaining 20% interest.
Charle Gamba, President and CEO of the Corporation, commented: "Pantro marks the third consecutive light oil discovery after the Labrador and Leono discoveries, firming up a very productive light oil trend on our LLA23 block, where production netbacks from the Labrador and Leono fields averaged approximately US$ 65 per barrel for the last reported quarter. Based on these exploration successes, and the high netback nature of the oil…
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