Project Profile
Value: Undisclosed
Location: Southern Putumayo Basin of Colombia, Colombia
Reserves: unknown
Depth: 10,800 feet (drilling)
Start-up Year: -
Coati-1 well on the Coati Block in the Southern Putumayo Basin of Colombia has been successfully drilled to a planned total depth of approx. 10,800 feet. As initially planned, Platino Energy has run casing to the top of the Caballos formation (at approx. 10,460 feet) and plans to case the well through to the Caballos formation to approx. 10,800 feet. Company plans an extensive test program which is expected to take several weeks with plans to release preliminary well results only at the end of the program.
Amerisur Resources Plc made the acquisition of Platino Energy (Barbados) Ltd (\"Platino\"), a private company, from COG Energy (\"COG\") for a total consideration of US$7M at the beginning of 2016. Amerisur is now the operator of the Coati Block with 100% interest.
Operators:
Platino Energy (wholly owned subsidiary of Amerisur Resources Plc): Operator with 60% interest
Canacol Energy Colombia: 40% interest