Project Profile
Value: Undisclosed
Location: Llanos basin, north of and adjacent to the Rancho Hermoso field
Start-up Year: -
Area: 92,011 net acres
Located in the Llanos basin, operated LLA 23 contract is situated immediately north of and adjacent to the Rancho Hermoso field. The Corporation has mapped an extension of the Rancho Hermoso fault trend north onto this contract, and has mapped three prospects using the available 2D seismic. The Corporation anticipates stacked pay potential on LLA 23, as is the case at the Rancho Hermoso field. LLA 23 offers significantly better ANH fiscal terms with 2-3 times better netbacks and reserve valuations than those available under the Rancho Hermoso tariff and non-tariff contracts. In early March 2012, the Corporation plans to re-enter the Agueda-1 well on the LLA 23 contract to test 47 feet of bypassed potential pay oil pay identified in the C7 reservoir interval.
Canacol Energy has a 90% operated working interest in the LLA23 contract, with Petromont Colombia S.A, Sucursal Colombia holding the remaining 10% interest.
Operator:
Canacol Energy: Operator with 90% interest
Petromont Colombia S.A: 10% interest