Page 17 - LatAmOil Week 35

LatAmOil NEWS IN BRIEF LatAmOil

UPSTREAM of approximately 80 hours using 24/64-inch, gas reserves would be realised in the Maria Con-
36/64-inch and 48/64-inch choke sizes. The chita Block. The Company intends to have an
Successful repair and interval evaluated was between 8,052 and 8,062 updated reserve report soon.
Based on these results, management esti-
feet (2,454 to 2,457 metres) measured depth.
completion of Aruchara 1 at The well resulted at a maximum rate of 7.75 mates there will be a substantial increase in
mcf (219,470 cubic metres) per day through a resources compared to the last reserves report.
Maria Conchita field results 48/64” choke at a pressure of 2,075 psig over a After obtaining the required permits and
three hour period with a final shut-in pressure licenses to build in partnership with Energy
in significant gas flow of 3,505 psig. Transitions-Plus+ E.S.P, CruzSur is planning
The second DST procedure occurred the necessary infrastructure to connect the
Further to a prior press release issued on August between August 11 and 14, 2020, over a period Aruchara 1 well to a nearby main gas line, before
19, 2020, CruzSur Energy is pleased to announce of approximately 63 hours using the above-men- the end of the year, with the objective of mone-
that after implementing the Work Programme tioned same choke sizes. The interval evaluated tising its natural gas resources, capitalising on a
approved by the National Hydrocarbons Agency was between 8,111 and 8,121 feet (2,472 and premium pricing market in Colombia of over $5
(ANH), which was duly reported to the environ- 2,475 metres) measured depth. The well resulted per MMBtu.
mental authority ANLA, CruzSur, successfully at a maximum rate of 10.98 mcf (310,940 cubic CruzSur is going to start accelerating its
carried out the repair work in the Aruchara metres) per day through a 48/64” choke at a pres- development plan, taking an aggressive yet dis-
1 well, located in the María Conchita Block in sure of 2,437 psig over a three hour period with a ciplined development of additional wells on the
the region of La Guajira in northern Colombia. final shut-in pressure of 3,547 psig. Maria Conchita field.
After drilling the cement plugs and controlling The third DST procedure occurred between The Company is also concentrating efforts to
the well, DSTs (Drill Stem Test) were carried out August 17 and 19, 2020, over a period of approx- complete the necessary social and environmen-
to determine the origin, pressure and volume of imately 52 hours using the same choke sizes. The tal licensing procedures in the next weeks to
natural gas, to be able to repair and complete the intervals evaluated were from 8,088 to 8,094 feet enable the development of the SN-9 field located
well and have it secured. (2,465 to 2,467 metres) and from 8,111 to 8,121 in Cordoba, Colombia, a prolific hydrocarbon
DST results were reviewed by John Yu, P. Eng. feet (2,472 and 2,475 metres) and measured producing region near the Caribbean Coast.
as an independent Qualified Reserves Evaluator depth. CruzSur Energy, August 31 2020
and Auditor as defined in NI 51-101 Standards Preliminary outcomes show that the well
of Disclosure for Oil & Gas Activities, obtaining resulted at a maximum rate of 10.420 mcf
the following results: (295,080 cubic metres) per day through a 48/64” GAS
The Aruchara-1 well was drilled by Texaco in choke at a pressure of 2,271 psig with a final
1980 to a total depth of 9,715 feet (2,961 metres) shut-in pressure of 3,521 psig. The absolute open Mirage Energy signs
and tested gas between 8,111 and 8,121 feet flow potential is estimated at 19.0 mcf (538,000
(2,472 and 2,475 metres) and between 8,050.5 cubic metres) per day and a potential of 14.3 letter of intent to provide
and 8,060.5 feet (2,454 and 2,457 metres), vary- mcf (404,950 cubic metres) per day with a 50%
ing from 3.4 to 9.8 mcf (96,280 to 277,520 cubic drawdown. gas to J&E Administration
metres) per day from these two zones at that Previously, the Aruchara-1 well was assigned
time. 10.5 bcf (297.3 mcm) proved undeveloped mar- Integral in Mexico
This well was re-entered recently, as dis- ketable gas reserves and 16.9 bcf (478.6 mcm)
cussed in the Company news release of July 24, proved and probable undeveloped marketable Mirage Energy announces it has signed a letter
2020. Three DST procedures of this well were gas reserves in the Upper Miocene sands in the of intent (LoI) to provide 200mn cubic feet (5.7
conducted from August 5-19, 2020, during the 2019 year-end reserves report. With the above mn cubic metres) per day of natural gas to J&E
re-entry and the results are outlined below: data which was conducted in a much longer administration Integral (J & E), which is devel-
The first DST procedure occurred period of time and with more details in the addi- oping a natural gas transportation system in the
between August 5 and 8, 2020, over a period tional Middle Miocene sands, increased natural Mexican states of Oaxaca and Chiapas.

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