måndag 17 oktober 2016

Canacol träffar igen

Canacol Energy Ltd. Tests Trombon 1 Discovery at 26 MMSCFPD

   CALGARY, ALBERTA--(Marketwired - Oct. 17, 2016) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update for the Trombon 1 discovery, which represents the Corporation's fifth consecutive gas exploration success.
 Trombon 1 Gas Discovery
 Esperanza Exploration & Exploitation ("E&P") contract
 Lower Magdalena Basin, Colombia
 100% working interest
 Offsetting the Nispero 1 gas discovery that Canacol announced in late August 2016, the Trombon 1 exploration well was spud on the Esperanza E&P contract on September 13, 2016. The well reached total depth of 10,360 feet measured depth ("ft. md") in sixteen days. The well encountered 26 ft. md (21 feet true vertical depth) of net gas pay with average porosity of 22% within the primary Cienaga de Oro ("CDO") reservoir target. The CDO reservoir interval was perforated between 8,328 to 8,354 ft. md and flowed at a final stabilized rate of 26 million cubic feet per day ("MMscfpd") of dry gas with no water. Trombon 1 tested with a flowing tubing head pressure of 2,254 pounds per square inch over a 36-hour test period. The Corporation finished completion of the Trombon 1 well for permanent production via the Nispero to Jobo flow line. Trombon 1 will tie into the Corporation's operated Jobo production facility.
 2016 Drilling Program
 The Corporation's resource capture strategy anticipates four more wells before year end. The Corporation has contracted the Tuscany Rig-14 to drill the Nelson 6 gas exploration well and Nelson 8 gas development well. Tuscany Rig-15 is mobilizing from the Trombon discovery to the Clarinete field to drill the Clarinete 3 gas development well. The Nelson 6 exploration well is expected to spud on October 18, 2016 and will target interpreted gas pay within the shallow Porquero sandstone reservoir in the Nelson field. Upon completion, the Corporation will drill the Nelson 8 development well targeting productive reservoirs within the CDO reservoir that are not being drained by the existing producing wells in the Nelson field. A third rig will be contracted to drill the Mono Capuchino-1 oil exploration well on the VMM 2 E&P contract located in the Middle Magdalena Basin.
 Corporate Production
 Realized contractual oil and gas sales for the quarter ended September 30, 2016 averaged approximately 18,908 boepd, which consisted of 86.1 MMscfpd (15,107 boepd) of gas, and 3,801 barrels of oil per day.

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