TSXV:CLAS.H - Post by User
Comment by
Automationguyon Mar 26, 2012 7:38am
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Post# 19716725
RE: RE: if we get good nr next week, now thats a b
RE: RE: if we get good nr next week, now thats a b I wish the news will not be like Canacol this morning !
Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE) (BVC:CNEC) provides the following update on the recompletion of the Agueda 1 well on its LLA 23 Exploration and Production ("E&P") Contract (80% operated working interest) located in the Llanos Basin of Colombia. The Agueda 1 well was successfully re-entered and tested formation water from two sandstone reservoirs in the C7 reservoir.
The Agueda 1 well was drilled in 2007 and bypassed oil pay was identified by the Corporation within the C7 reservoir. Two of the three C7 sandstone reservoirs were perforated between 8,803-17 and 8,886-8,904 ft md and tested in the well, with each zone producing formation water at high rates. The well has been suspended as a potential future water injection well should the Corporation realize exploration success in any of the exploration prospects the Corporation plans to drill on the LLA 23 E&P contract later in 2012