Claritas Pharmaceuticals Inc V.CLAS.H

Indications of Mirador and other formation flow ra

[willibrich]

Here is some info on wells recently drilled into the Mirador,  and other  formations,  by companies in adjacent areas in the Llanos basin.

Parex Resources, PXT , released news on July  21, 2010  about successfull testing on their Kona 1 well. They will be pumping 3500 barrels per day from 47 feet of pay in the Mirador formation.

Canocol Energy, CNE , released news on July 27, 2010 about their RH-6 development well in the Rancho Hermosa field of the Llanos basin. This well was drilled to 10,780 feet and revealed  a total of 115 feet of pay spread out over  5 different formations. This press release goes on to detail flow rates from other development wells such as the RH-5 and RH-4.

Petrominerales, PMG,  reported on their Yenac -1 well on April 13, 2010. Previously I had noted a production of 1800 barrels per day from 42 feet of pay. This was incorrect. I had read an abbreviated news release.
PMG is actually producing 1800 barrels per day from 8 feet of sands at the top of the Mirador formation. The rest of the pay zone was too wet or had non-commercial 11 to 12 degree API oil.

It should be noted that flow rates from our well depend on many factors, as mentioned before. The important thing is that we have a new discovery well. After flow testing  of our Canaguay -1 well, we will know alot more about the reservoir. Our next well can then be better located. With each successfull development well, not only will production increase but  knowledge of the reservoir will increase.

And finally , remember that on the average only about 35 % of the oil in a reservoir can be recovered. And imagine our drill stem as a straw poked into the formation. If that straw happens to hit the '' sweet '' spot where pressures are greatest to allow for higher flow rates......................then so it goes.