Gold Oil Spuds Second Well in Block XXI Onshore Peru

Gold Oil has spudded well SA-2X, located in Block XXI, onshore Peru, this past weekend. Drilling is expected to reach a target depth of 5,200 feet and take approximately one month to complete.

Block XXI was acquired as a high risk-high reward block but the results of SA-1X and recent geophysical work reduces the risks for this well but there is still a large exploration upside associated with the well and the rest of the block.

"The Board is excited to begin the next phase of drilling. We look forward to keeping the market informed of developments," said Gary Moore, CEO of Gold Oil.

 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Drilling Manager
Expertise: Drilling Manager|Drilling Superintendent
Location: Dallas, TX
 
Drill Rig Operator
Expertise: Driller|Drilling Foreman / Drilling Supervisor|Production Operator
Location: Hayward, CA
 
Lead Riser Engineer
Expertise: Project Engineer|Subsea Engineering|Umbilicals, Risers and Flowlines
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours