Toronto-based Alange Energy (TSX-V: ALE) has spudded the Topoyaco-1 exploration well in Colombia's Putumayo basin, the company said in a statement.Topoyaco-1 is the first well drilled as part of a Cdn$17mn (US$16.4mn), three-well campaign. The firm estimates that drilling will take 40 days to complete.
Alange Energy operates the Topoyaco block with a 50% working interest. Fellow Canadian firm Pacific Rubiales (TSX: PRE) holds the balance.
Engineering consultants Petrotech estimated gross reserves of around 45Mb for the Topoyaco field in a report produced last year.
Alange is currently producing around 4,700b/d across its 12 Colombian concessions and targeting a production rate of 8,000b/d by end-2010, the firm's CEO Luis Guisti told BNamericas earlier this month.
No comments:
Post a Comment