RE: RE: RE: Great newsI share the confusion too. Maybe this is the reason for little movement in the SP. Anyway, below is link to an updated part of their website, and it says the company PROJECTS to exit 2010 with over 10900 bopd. Why does it say PROJECT when it is supposedly already done in their current news release, and they have updated the rest of the website. Notice it talks about RH 9. Strange.
In mid December 2010, the Corporation completed the drilling and testing of the Rancho Hermoso 9 well, which tested a flow rate of 6,750 barrels of oil per day from the Mirador reservoir. The RH 9 well encountered 109 feet of net oil pay within 5 different reservoir intervals, which include, from top to bottom, the Mirador, Los Cuervos–Barco, Guadalupe, Gacheta, and Ubaque. The Corporation drilled the RH 9 well before the RH 8 well for scheduling purposes.
As of mid December 2010, the rig is currently drilling the Rancho Hermoso 8 (“RH 8”) development well, which spud on December 6, 2010, and is drilling ahead at a depth of 8,018 ft md with a planned total depth of 10,374 ft md in the Ubaque reservoir. The RH 8 well is located approximately 3,000 ft to the northeast of the RH 6 well, and will target production from the Los Cuervos–Barco reservoir. Following the completion of the RH 8 well, the Corporation will commence drilling of the RH 10 well, targeting production from the Ubaque reservoir, in January 2011.
The Corporation plans to drill a minimum of 4 additional development wells at Rancho Hermoso commencing late in the second quarter 2011. These new wells will target production from the Los Cuervos–Barco, Guadalupe, and Ubaque reservoirs.
The Corporation projects to exit calendar year 2010 with over 10,900 barrels of oil per day ("bopd") after royalty, up from the originally projected calendar 2010 exit rate of 7,000 bopd after royalty.
https://www.canacolenergy.com/operations/colombia/rancho-hermoso-entrerrios.html