Post by
EagleHasLanded on Jul 27, 2023 10:08am
New from CFO
Thank you. We are very excited about the CN-2 well and the production from the Ubaque. The Ubaque reserves have the potential to be very large. We will be preparing an updated reserve report after we complete CN-3. It will focus on the CN field. We expect that the reserve report will be complete in September.
It is possible to recomplete the C7 at a later date in the CN-2 well. It is also possible for the CN-2 well to produce from the Gacheta formation. Both zones were present and oil bearing. The company could also target these zones in future CN wells. We currently believe that we will be focusing on the Ubaque because of the huge potential of the reserves in this formation.
We will have a corporate update at a later date.
Thanks for your continued support, Ron.
Joe
Comment by
EagleHasLanded on Jul 29, 2023 11:11am
We are inspecting a rig this week to bring to Oso Pardo. Drilling two wells at Oso Pardo is expected to take place in September and November. We are considering two rigs at the Tapir block, however, we want to ensure we keep a strong balance sheet and drill within cash flow. We believe it is too early at this time to introduce the third rig. Thanks Joe
Comment by
EagleHasLanded on Jul 30, 2023 11:43pm
Decline numbers, note RCE-4 is incline hTtps://imgur.com/a/RCKoJ4f hTtps://imgur.com/a/rlNSKhb hTtps://imgur.com/a/c6mGtb4