Antrim anticipates that additional drilling locations will be constructed as soon as possible to appraise this new field discovery. The area around LP-1005 was covered by the 156 km2 Los Patos 3-D seismic survey acquired in 2005. Antrim and partners have a drilling rig in the area to rapidly appraise this most recent discovery.
The previously announced (June 5, 2006) oil discovery Las Violetas 105 ("LV-105") continues to produce at a rate of approximately 310 bopd and has now been successfully appraised by two additional wells, both of which are indicated oil wells and should be placed on production over the next several weeks. The Las Violetas appraisal program is also expected to continue with additional wells scheduled to be drilled in the coming months.
Antrim has a 25.78% interest in three licenses in Tierra del Fuego. The Petroservico rig, used in the current drilling program, is under contract until October 2006 with an option to continue until December, 2006.
Most Popular Articles
From the Career Center
Jobs that may interest you