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Solana Resources Limited ("Solana" or the "Company") - Colombia Operational Update
CALGARY and LONDON, Sept. 23 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL), is pleased...
About this update from Kutcho Copper Corp
[{"type":"text","content":"\n\n\n\nCALGARY and LONDON, Sept. 23 /CNW/ - Solana Resources Limited\n(TSX-V: SOR; AIM: SORL), is pleased to provide the following operational\nupdate on its activities in the Putumayo, Llanos and Catatumbo Basins.\n\n\nPutumayo Basin - Chaza Block\n\n\nThe Costayaco field is located in the Chaza Block in the Putumayo Basin,\nwhere Solana has a 50% working interest, with Gran Tierra Energy Inc., the\noperator, holding the remaining 50% working interest. The Chaza block is\nsubject to an Agencia Nacional de Hidrocarburos ("ANH") contract.\n\n\nThe Costyaco-4 development well test results have confirmed reservoir\nproductivity and the Costayaco-5 delineation well test results suggest a\nlarger field size requiring an increase in the scale of the full field\ndevelopment plan.\n\n\nCostayaco-4 Testing\n\n\nCostayaco-4 is a deviated well drilled from the Costayaco-2 surface\nlocation near the crest of the Costayaco field to a total measured depth of\n8,884 feet (true vertical depth of 8,616 feet). The bottom-hole location is\napproximately 1,775 feet northeast of the surface location. Approximately\n77 feet of core was obtained from the Caballos and Villeta T formations during\ndrilling.\n\n\nA combination of drill stem testing, flow testing and production testing\nwas conducted on the two major reservoir sequences, the Caballos and the\nVilleta T formations. The Caballos was perforated in the intervals 8,610 to\n8,652 feet, 8,660 to 8,668 feet, 8,675 to 8,686 feet and 8,694 to 8,728 feet.\nA stabilized gross production rate of 3,042 barrels of oil per day ("bopd") of\n30(degrees) API oil with a 1% water cut was obtained with a jet pump. The\nVilleta T was perforated in the intervals 8,463 to 8,472 feet and 8,475 to\n8,514 feet. A stabilized gross production rate of 1,401 bopd of 30(degrees)\nAPI oil with a 2% water cut was obtained from natural flow on a 92/64 inch\nchoke. The Villeta T test rates are relatively low, in comparison with other\ncrestal Costayaco wells, due to heavy formation damage that occurred during\nthe extensive coring operations.\n\n\nCostayaco-5 Testing\n\n\nCostayaco-5 is a vertical delineation well drilled to a total measured\ndepth of 8,703 feet on the west flank of the Costayaco field, approximately\n3,450 feet northwest of Costayaco-1. A combination of drill stem testing and\nproductio...