Arrow tests average of 939 bbl/d at Danes-1 well
ARROW EXPLORATION Corp. has released the test results of the Danes-1 exploration well, located on the LLA-23 block in the Llanos basin of Colombia. The Danes-1 exploration well was perforated and tested in the Gacheta D2 sand, which was one of three prospective zones identified by logs. After stabilizing the well conditions at 19 hours on Dec. 3, 2018, using a 64/64-inch choke, a 24-hour test was performed where the well averaged 939 barrels of oil per day (bbl/d) with negligible water cut (less than 0.1 per cent) using an electric submersible pump (ESP) operating at a frequency of 30 hertz and was brought up to a peak flow rate of 1,186 bbl/d (water cut less than 0.1 per cent) at an ESP frequency of 34.5 hertz. Danes-1 has been placed on production with the oil processed through Arrow’s 100-per-cent-owned facilities at Pointer. The Danes-1 exploration well targeted various reservoir intervals within the Danes prospect, situated approximately eight kilometres to the north of Arrow’s production facilities at Pointer.
Danes-1 was spud on Oct. 25, 2018, and reached a total depth of 11,276-feet-measured depth within the Ubaque formation.
The top of the Gacheta D2 sand reservoir was penetrated at a depth of approximately 11,012-feet-measured depth and the Gacheta D3 sand reservoir at approximately 11,046feet-measured depth. Danes-1 encountered 43 feet of net oil pay in the following reservoirs: 10 feet of net oil pay in the Gacheta D2 sand with an average porosity of 28 per cent, 10 feet of net oil pay in the Gacheta D3 sand with an average porosity of 18 per cent and 23 feet of net oil pay in the Ubaque with an average porosity of 22 per cent. Additional thinner zones of potential pay were also interpreted in a lower C7 sandstone formation. The Gacheta was perforated in the D2 sand and was brought up to a peak flow rate of 1,186 bbl/d of 32 degree API (American Petroleum Institute gravity) oil with 0.1-per-cent water cut, 24,680 cubic feet per day of gas and a gas oil ratio of 21 standard cubic feet per barrel of oil towards the end of a 24-hour production test.
Danes forward plans Should the performance of the Danes-1 well support the drilling of an offsetting development well, a licence is currently in place to do so. The Danes-1 well has been tied into Arrow’s 100-per-cent-owned production facilities at Pointer and will immediately add approximately 900 bbl/d to Arrow’s corporate production, which stood at approximately 1,450 barrels of oil equivalent per day (boe/d) prior to Danes-1 being placed on production.
Operations have commenced on the first well of a planned 10-well workover program to be conducted over the next 10 weeks. The program consists of: four recompletions and one pump change on Arrow’s 100-per-cent-owned LLA-23 block in the Llanos basin, one pump change on Arrow’s 100-per-cent-owned Santa Isabel block in the Middle Magdalena basin and four workovers on the VMM-2 block in the Middle Magdalena basin where Arrow owns a 40-per-cent working interest.
About Arrow Exploration Corp.
Arrow Exploration Corp., operating in Colombia via its 100-per-cent-owned subsidiary, Carrao Energy SA, is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, underexplored and offer high-potential growth. The company’s self-financing business plan is to rapidly expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley and Caguan/Putumayo basin. The asset base is operated with high-working interests and the Brent-linked light oil pricing exposure combine with low royalties to yield attractive potential operating margins. Arrow’s seasoned team is led by a hands-on and in-country executive team supported by an experienced board.
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Todd Frederick William McAllister, Bruce Lawrence Pachkowski, Malcolm James Shaw, Malcolm Frederick William Todd, Robert Hamish Owen Todd, Colin David Watt
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