The first three wells in the program have now tested a combined rate of 32.40 MMcf/d and over 33.95 MMcf/d including recent workovers. Further testing is required in order to determine the level of production of associated liquids from the wells and expected long term production rates. Based on the success of the drilling program to date, further facility expansion is being reviewed.
Drilling has started, on Los Patos 1003, the fourth well in Antrim's multi-well drilling program in Tierra del Fuego. This well should reach total depth by the end of January 2006. Antrim Energy has a 25.78% working interest in three producing exploitation concessions in Tierra del Fuego, located on the southern tip of Argentina in a special income tax free/duty free trading zone.
At the Puesto Guardian Field, Antrim has been advised by the field operator that heavy rains have resulted in the wash-out of a key river crossing. While production from the field has not been affected by the rain, oil deliveries from the field will be delayed while repairs are carried out by the province. Alternative storage and delivery options are currently being reviewed by the operator.
Most Popular Articles