Gold also reports that the Operator (Union Temporal) of the Nancy-Bourdine-Maxine (NBM) Oil Fields in the South West of Colombia has signed a contract with a local drilling contractor for working over the Nancy-1 well. The initial work program involves re-entering the existing well to install a jet pump allowing production to recommence from the existing zones and also to perforate zones previously ignored which will add to production. The work is expected to start later this month.
Commenting on today's announcement, Gary Moore, Managing Director of Gold Oil, stated: Gary Moore, Managing Director of Gold, said "We are delighted to have been able to source equipment and resources in such a quick timescale to commence operations in both Peru and Colombia in a very demanding market Results from each operation should be known within 2-3 weeks from the commencement of activities on each project".
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