Market Impact: Negative. The Loto-2 well tested two zones with in the Mirador formation, but unfortunately both zones tested a high water-cut and the well has been temporarily suspending further analysis of theresults. The well was drilled on schedule and under budget.
06 Nov 2015
ANNOUNCES LOTO-2 WELL RESULTS ON THE CPO-5 BLOCK (30% WI)
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ANNOUNCES LOTO-2 WELL RESULTS ON THE CPO-5 BLOCK (30% WI)
Market Impact: Negative. The Loto-2 well tested two zones with in the Mirador formation, but unfortunately both zones tested a high water-cut and the well has been temporarily suspending further analysis of theresults. The well was drilled on schedule and under budget.