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Petrolifera Petroleum Limited Provides Update on Drilling Results
Petrolifera Petroleum Limited Provides Update on Drilling Results.
About this update from Medexus Pharmaceuticals Inc.
[{"type":"text","content":"\n\n\n\nCALGARY, July 26 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX)\nannounced today the results of a number of recently-drilled wells on its\n100 percent-owned Puesto Morales/Rinconada Concession onshore the Neuquen\nBasin, Argentina.\n\n\nThe company's 1028 well on the eastern limits of the of Puesto Morales\nBlock flowed 46 degree API light gravity crude oil to surface from the shallow\nCentenario Formation on test through an 24 millimeter choke at a calculated\nrate of 1,500 bbl/d and then at a calculated rate of 1,200 barrels a day\nthrough a 18 millimeter choke. The well was subsequently completed and placed\nonstream at a stabilized rate of 500 bbl/d and continues to produce as a\nflowing oil well at yesterday's rate of 435 bbl/d. Follow-up drilling of\noffset locations in the vicinity of the 1028 well is anticipated later this\nyear. This is the first and only test of the Centenario on the Block since\nPetrolifera activated its drilling program in late 2005. The Centenario\nFormation was naturally penetrated with all wells which have been drilled on\nthe block. Oil shows have been encountered in this zone in a number of other\nwells on the block, although none were previously tested due to the deeper and\nmore prolific productivity encountered in the Sierras Blancas or Punta Rosada\nFormations. Some follow-up drilling of shallow twins to existing Sierras\nBlancas producers to further evaluate the breadth of the play is anticipated,\nincluding in proximity to the 1018 well and the 1027 Sierras Blancas\ndiscovery, which tested 34 degree API Medanito crude oil through an\n18 millimeter choke at a rate of 2,200 bbl/d and is currently producing\nthrough a 12 millimeter choke at rates slightly in excess of 1,000 bbl/d.\n\n\nThe company is continuing its testing program of the Puesto Morales 1022\nwell, which encountered a calculated 25 meter thick, well-developed Sierras\nBlancas section. This well is within the 1002-1012-1013-1023 central\naccumulation and flowed light gravity 34 degree API crude oil to surface on\ntest at rates in excess of 900 bbl/d. Further testing is anticipated before\nthe well is tied in and placed on permanent production.\n\n\nPetrolifera's Puesto Morales Oeste 1001 well ("O 1001"), drilled in the\nsouthern portion of the Puesto Morales Block near its western border, yielded\ndisappoin...