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NG Energy to Re-Enter Istanbul-1 Well in the Maria Conchita Block in February 2021
NG Energy to Re-Enter Istanbul-1 Well in the Maria Conchita Block in February 2021 ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG Energy to Re-Enter Istanbul-1 Well in the Maria Conchita Block in February 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Feb. 11, 2021\n \n /CNW/ - NG Energy International Corp. (formerly CruzSur Energy Corp.) (the \"\n \n Company\n \n \" or \"\n \n NGE\n \n \") (TSXV: GASX) (OTC: GASXF) is pleased to announce that, based on the decision to re-enter the\n \n Istanbul\n \n -1 well, the Company has signed a contract with CPVEN for the workover of the\n \n Istanbul\n \n -1 well located in the Maria Conchita block at La Guajira,\n \n Colombia\n \n .\n \n \n Under this agreement, the companies will perform a work over in the\n \n Istanbul\n \n -1 well which is expected to begin in the second half of\n \n February 2021\n \n . This includes the project management, selection of service providers, contract signature and administration, work development coordination, contract liquidation, quality control, COVID protocols implementation and processes assurance.\n \n \n This decision to re-enter the\n \n Istanbul\n \n -1 well is based on geological, geophysical and petrophysics studies performed during the end of 2020 and beginning of 2021 by internal consultants. These studies identified new zones of potential accumulations in the limestone of the Tinka area and the sandstones of the\n \n Istanbul\n \n -1, Aruchara-1, and Tinka-1 area and identified three new potential locations to be drilled for the field development in the area of Aruchara-1 and\n \n Istanbul\n \n -1 wells, assuming that the re-entry into\n \n Istanbul\n \n -1 is successful.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n According to the new petrophysics interpretation and well information, the Company will test the interval at 8,396' – 8,415' as part of the new work program. This Interval has good porosity with low water saturation and may become the next target in the Block, assuming a successful test. The Company will also re-test the intervals at 8,427' – 8,435' and 8,045' – 8,053'.\n...