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$Colombia and Latin America
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Re: AXL. 2 in Oso Pardo...Morsa-1 initial CNE drill ...work over rig now on siteThis from AXL Twitter, I wonder if this workover is a result of meetings with ministry or was always planned...first I have heard of it. https://twitter.com/corp_arrow/status/1620568988374663168?s=20&t=4AERgSPt-IOd2GYeQznmfw Short History of Morsa-1 news releases From CNE 2014 "The Morsa 1 well was spud on May 27, 2014 and reached a total depth of 5,944 feet measured depth (“ft md”) on June 19, 2014 with good oil and gas shows encountered while drilling through the primary Umir sandstone reservoir target. The well encountered a total of 66 feet (“ft”) of net oil pay in 2 separate sandstone reservoirs within the Tertiary Umir Formation with an average porosity of 17%. The Umir reservoir was perforated from 3,504 to 3,725 ft md and is currently flowing at a gross rate of 832 bopd (832 bopd net) of 25o API oil with 0.1% water cut and 160 thousand standard cubic feet of gas per day (“mscfpd”) using a progressive cavity pump (“PCP”) over the course of a 9 day flow period." From AXL June 2021 Following the completion of a PCP pump change early during the week of June 21st , 2021, Arrow re-started production from the Morsa-1 well at the Oso Pardo Field, located on the Santa Isabel Block, Middle Magdalena Valley Basin in Colombia. As of June 22nd , the Morsa-1 well was flowing at a rate of approximately 392 barrels of oil per day, net to Arrow’s 100% W.I., of 22.90 API crude at zero water-cut. The Company expects this rate of flush production to stabilize in the coming months, at an expected rate of approximately 120 barrels of oil per day. Concurrent with the re-start of the Morsa-1 well, Arrow intends on re-starting production from the adjacent Oso Pardo-1 and Oso Pardo-2 wells in the coming days, and the Company expects combined production from these latter two wells to be approximately 50 barrels of oil per day |
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