Workover operations are continuing in the field with another three wells scheduled for recompletion before the end of the year. Recently completed construction of additional processing facilities in Puesto Guardian has allowed the Company to receive immediate benefit from the incremental production (greater than 100 bopd net to Antrim) and sales gained from the new production has already paid out the costs of the operations to-date.
Oil production from the Puesto Guardian Field (1450 bopd) is currently at its highest level since 1988. The field peaked production in 1983 producing 9500 bopd. Antrim intends to continue this successful re-development program to maximize production from this area.
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