Exciting Update! Exciting Update!
Fantastic news—20 MMscfpd has been added, with three more wells on track to begin production by year-end. This is a significant milestone as we continue to drive growth.
Summary of Wells
1. Nispero-2 Appraisal Well (Esperanza Contract – 100% Operated Interest)
• Current Status: Producing ~9.5 MMscfpd since November 13, 2024.
2. Natilla-2 Exploration Well (SSJN 7 Contract – 100% Operated Interest)
• Current Status: Drilling at 10,405 ft MD in the Upper Porquero Formation, with ~3 weeks remaining to reach total depth of 16,600 ft MD.
3. Pibe-1 Exploration Well (VIM 21 Contract – 100% Operated Interest)
• Current Status: Drilling toward a planned total depth of 11,000 ft MD; results expected within a week.
4. Clarinete-11 Development Well (VIM 5 Contract – 100% Operated Interest)
• Plan: Spud in the second week of December to target gas-bearing sandstones in the CDO reservoir; results anticipated before year-end.
5. Go-Forward Basis Well (Planned Drilling Program for Remainder of 2024)
• Plan: Mobilizing additional rigs to maximize production capacity, with specific focus on priority wells identified within core contracts.
This clear trajectory highlights the team’s excellent execution and positions us for strong operational success. Let’s keep building on this momentum!