Business
Solana Resources Limited ("Solana" or the "Company") - Costayaco-2 Successful Test Results
Primavera-1 Spud CALGARY, and LONDON, UK, Feb. 25 /CNW/ - (TSX-V: SOR; AIM: SORL) is pleased to a...
About this update from Kutcho Copper Corp
[{"type":"text","content":"\n\n\n\nPrimavera-1 Spud\n\n\nCALGARY, and LONDON, UK, Feb. 25 /CNW/ - (TSX-V: SOR; AIM: SORL) is\npleased to announce the Costayaco-2 step out exploration well has been\nsuccessfully tested at a combined maximum flow rate in excess of 6,600 barrels\nof oil per day (BOPD) from 119 feet of perforations.\n\n\nSolana holds a 50% working interest in the Costayaco Field that was\ndiscovered in 2007 and which is located in the Chaza Block, Putumayo Basin,\nColombia. Gran Tierra Energy Inc., the operator, holding the remaining 50%\ninterest.\n\n\nThe Costayaco-2 well is being completed for production. Produced oil is\ncurrently planned to be transported through a planned six inch flow line to\nthe Costayaco-1 truck loading facility. At this point it will be mixed with\ncrude oil from Costayaco-1 and trucked to Uchupayaco where it will enter the\nexisting pipeline network. The Costayaco-1 discovery well is continuing to\nproduce approximately 3,500 BOPD (gross) from the Caballos and Villeta T\nreservoirs. Costayaco production is currently limited by trucking capability\nand in the near future it will be constrained by existing infrastructure\nlimitations. The joint venture is investigating ways to remove these\nproduction constraints.\n\n\nCostayaco-2 Testing Program\n\n\nCostayaco-2 reached a total measured depth of 8,600 feet on January 2,\n2008. A two formation, five zone cased hole drill stem test (DST) program,\ndesigned to evaluate only the primary reservoirs in the field, commenced on\nFebruary 2, 2008.\n\n\nFive DST's were completed over the Lower, Middle and Upper Caballos\nFormation, and in the Villeta T Formation. The Villeta U Formation and the\nRumiyaco Kg Formation, which indicated pay zones from log interpretation and\nwhich were successfully tested in the Costayaco-1 discovery well, were not\ntested to avoid additional formation damage and to preserve reservoir\nintegrity. These zones are expected to be completed later in the field life\nwhen the primary reservoirs are depleted.\n\n\nDST-1 (8,494 - 8,498 interval; 4 feet of perforations) tested the Lower\nCaballos. No flow was obtained. Additional perforations were added in DST-1A\n(8,490 - 8,498 interval; 8 feet of perforations) and a maximum rate of 26 BOPD\nwith a steadily decreasing water cut was obtained by swabbing. The oil gravity\nfluctuated between 25 degrees an...