CNE RH 10 Results = RH 16 next week imo .
Canacol Energy (cne) Rancho Hermoso # 16 results will be same as RH 10 since hundreds feet away. The RH 10 well was spud on January 4, 2011, and reached a total depth of 10,305 ft md on January 16, 2011 in the Ubaque reservoir, which was the primary producing target of the well. The well was drilled in a record time of 12 days (approx. 40% less time than the Rancho Hermoso 6, 8, and 9 wells) using advanced drilling techniques which will be applied to all future wells drilled in the field in order to lower drilling costs. Good oil and gas shows were encountered in the C7, Mirador, Los Cuervos – Barco, Guadalupe, and Ubaque reservoirs while drilling. Petrophysical analysis of the open-hole logs indicates a total of 110 ft of oil pay within the well: 12 ft of oil pay within the C7 reservoir with average porosity of 21%, 9 ft of oil pay in the Mirador reservoir with average porosity of 25%, 19 ft of pay within the Los Cuervos–Barco reservoir with average porosity of 26%, 25 ft of oil pay within the Guadalupe reservoir with average porosity of 28%, and 45 ft of oil pay within the Ubaque reservoir with average porosity of 25%.Huge Cash Flow and profits from RH 16 next week. Already drilled, (Spud) March 3 to March 15 and tested til March 29 results imo.