The Estero #5 is a development well in the Palo Blanco field. The well is expected to take up to 35 days to drill and an additional 15 days to complete, should drilling results be favorable. The Estero #5 well has a projected drilling depth of approximately 9,000 feet and will target the Traditional Ubaque, Massive Ubaque and Mirador formations.
The Estero #5 well is the first of approximately nine wells currently scheduled to be drilled and or completed within the next 12 months in Global's Palo Blanco field and Global's new Rio Verde Contract acreage.
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