Frontera Confirms Discovery at Acorazado-1 Well in Colombia

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 19.Aug.2018) – Canada’s Frontera Energy Corporation confirmed the presence of hydrocarbons in the Mirador reservoir in the Acorazado-1 exploration well in Colombia.

The well is located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing, announced Frontera in an official statement. The testing program, depending upon results, is expected to take several weeks, the company said.

The Acorazado-1 exploration well reached a total measured depth of 15,470 feet into the target formation where the company recorded hydrocarbon shows in a Mirador Reservoir section with 356 feet of gross thickness.

Frontera says the well was drilled ahead of schedule and under budget. The pre-drill cost estimate to drill the well was $35 million to$50 million.

Next, Frontera plans to run and cement a liner in preparation for testing, bringing the well cost to date to $40 million, excluding future testing costs.

Wireline logging operations combined with a limited pressure and sampling program have confirmed the presence of hydrocarbons in several potentially productive zones. Total hydrocarbon column and potential net pay is still under evaluation, the company said.

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