Parex: TAUTACO-1 well will be drilled by Sep 2015As a reminder, and based on the latest operations update from Parex (PXT.T), one of Parex's three drilling rigs will drill Tautaco-1 by September 2015. PTA is substantially carried at the Tautaco-1 well. At the Tautaco-1 (former Garza-Roja-1 well) PTA will pay ONLY 5.5% of the well costs to maintain a 50% working interest. This excerpt is from Parex's latest update:
2015 Drilling Operations Schedule:
A summary of the current drilling/testing program* is provided:
| | | | |
| # | Prospect/Well | Block | Timing / Status |
| 1 | Rumba-1 | LLA-26 | Producing at a restricted rate |
| 2 | Rumba-2 | LLA-26 | Currently completing as a Rumba-1 follow-up |
| 3 | Taringa-1 | Cebucan | Following LLA-26 |
| 4 | Tautaco-1 | LLA-10 | Following Cebucan |
| 5 | Capachos-1 | Capachos | Contract signed. Q4 Spud |
| 6 | Rumba-3/Bazar-2 | LLA-26 | Q3/4 Spud |
| 7 | Guepardo-1 | LLA-32 | Following LLA-20 |
| 8 | Carcayu-1 | LLA-32 | Following LLA-32 |
| 9 | Appraisal Well | LLA-32 | Q3 Spud (contingent) |
| 10 | Jacana-1 | LLA-34 | Q4 Spud (South of Tigana field) |
| 11 | Tilo-2 | LLA-34 | Q3 Spud (new) |
| 12 | Chachalaca-1 | LLA-34 | Q3 Spud (new) |
| 13 | Appraisal Well | LLA-34 | Q4 Spud (new) |
| 14 | Appraisal Well | LLA-34 | Q4 Spud (new) |
| 15 | Exploration Prospect | VMM-11 | Q4 Spud (new) |
Note: *Subject to partner and/or regulatory approvals