Amerisur Resources Plc (LON:AMER) announced this morning an update on their Fenix Block prospect in Columbia. The oil and gas producer and explorer has interests in Columbia where they have two prospects, Platanillo and Fenix. The Company has 100% working interest in both sites. In Paraguay, Amerisur own 100% two sites, San Pedro Block and the Curupayte Block.
Today the company released news on progress at the Fenix Block. The Isabel-1 well has been drilled to a final depth of 1,365 feet the report said. The hole has reportedly been logged and plugged back in order to allow the deviated part of the well to be accessed and drilled from higher in the pilot well bore. The company said the results to date have been encouraging and in line with expectations. An analysis showed that the the top sand of the Esmeraldas-La Paz formation was encountered at 1,002 ft Wire Line Depth, confirming the pre-drill prognosis. An apparent net thickness of approximately 280 ft of good quality sandstones was encountered with strong shows of gas, oil, oil on cuttings samples and also free oil visible on the shale shaker throughout this section. The mud weight used through this section was 9.2 pp, the report said. Subsequent to the repositioning of the well bore at a more effective angle, the company expect the drill to reach a total depth of 1,850 feet, with an angle of approximately 56 degrees from the vertical.
CEO of Amerisur, John Wardle, commented:
"I am pleased with the good progress and encouraging indications at Isabel, and look forward to updating shareholders as the work proceeds."
