Black Rock Oil & Gas Logs Pay with Arce #3 Appraisal Well

Black Rock Oil & Gas reports that the Arce 3 appraisal well, located in Colombia, has been drilled to its total depth of 2,936 feet.

The well intersected both the reservoir and the basement, approximately 80 feet high, to prognosis. As previously reported and as expected, the well intersected oil shows from a depth of 2,600 feet in the Mugrosa Formation reservoir sandstones.

Wireline logs have been run in the hole to evaluate the hydrocarbon shows and formations penetrated by the well. As a consequence of these shows, 7" casing will now be run to a depth of 2,695 feet. Once casing has been cemented in place, the open hole reservoir section will be under-reamed to a diameter of 11 inches and the well completed for testing.

For cost and efficiency, it is planned that the drilling rig will be released and a workover rig mobilized for testing.

Black Rock has 50% equity in this project.