Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/petroamerica-makes-oil-discovery-at-langur-1x-well.shtml

Petroamerica makes oil discovery at Langur-1X well

Petroamerica Oil Corp. says that testing operations have established a stabilized test rate of 760 barrels of oil per day (bopd)

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Petroamerica Oil Corp

Petroamerica Oil Corp. says that testing operations have established a stabilized test rate of 760 barrels of oil per day (bopd) from the Langur-1X exploration well on the LLA19 Block in the Llanos Basin of Colombia.

After being drilled to 13,717 feet TD, the Langur-1X exploration well was cased to evaluate 14.5 feet of Gacheta C oil pay. Two intervals were perforated and the well was tested for fifteen days under flow-assistance by coiled tubing and nitrogen, establishing a stabilized flow rate over the last 24 hours of 760 bopd of 24° API oil (380 bopd net to the Company before royalty) with a 27% watercut.

The watercut was steadily decreasing for the duration of the test from approximately 50% at the beginning of the test, to 26% at the time the well was shut-in. This watercut behaviour is not typical of water break-through from an active aquifer and the produced water is not interpreted to be coming from a nearby oil-water contact.

Tags: Petroamerica Oil Corp