RE: 3,340 bbls per day!Raptor, Charle siad it EXCEEDED MGMT'S EXPECTATION:
Charle Gamba, president and chief executive officer of Canacol, stated: "We are very pleased with the flow test results of the Ubaque reservoir in the RH 6 well, the first of three flow tests planned for the well. The flow rate from the Ubaque exceeded management's expectation, and with two shallower light oil reservoirs yet to be tested, RH 6 stands to be the best well yet drilled in the field's history. Our development drilling program at the Rancho Hermoso field continues as planned, with the Rancho Hermoso 7 well currently drilling at approximately 5,700 feet. The five-well drilling program currently under way at the Rancho Hermoso field, and the excellent results to date from RH 6, will allow the corporation to reach its 7,000 bopd net production exit target by year-end."
Charle Gamba, president and chief executive officer of Canacol, stated: "We are very pleased with the flow test results of the Ubaque reservoir in the RH 6 well, the first of three flow tests planned for the well. The flow rate from the Ubaque exceeded management's expectation, and with two shallower light oil reservoirs yet to be tested, RH 6 stands to be the best well yet drilled in the field's history. Our development drilling program at the Rancho Hermoso field continues as planned, with the Rancho Hermoso 7 well currently drilling at approximately 5,700 feet. The five-well drilling program currently under way at the Rancho Hermoso field, and the excellent results to date from RH 6, will allow the corporation to reach its 7,000 bopd net production exit target by year-end."