The program will encompass the work over, rehabilitation and testing of three wells, Camatindi-2, Camatindi-3 and Camatidi-8 in the Camatindi Oil Field. The wells produced oil until 1998 when they were shut-in because of low oil prices. These wells are completed in the Devonian Age, Iquiri sandstone that is the most prolific oil reservoir in Bolivia. The work over of the three wells is expected to take 30 days at which time a 90-day production test will be conducted to evaluate the potential of further work on the field.
Orca Petroleum Inc. is the operator of the project, which is a farm-in from Empressa Petrolera Chaco S.A., by which Orca pays 50% of the costs of the project to earn a 40% interest in the oil production from the wells. L&M Mining (Bolivia) S.R.L. is a partner in the project.
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