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Fourth discovery in Colombia’s Llanos 34 block

BUENOS AIRES, Argentina -- GeoPark Limited has announced the successful drilling and testing of the new Tigana 1 exploration well in the Llanos 34 block in the central Llanos basin in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 block.

GeoPark drilled and completed the Tigana 1 well to a total depth of 3,403 m. A test conducted with an electrical submersible pump in the Guadalupe formation, at approximately 3,185 m, resulted in a production rate of approximately 1,469 bopd of 15.1 degree API, with a 0.8% water cut, through a choke of 10.7 mm and well head pressure of 350 pounds per square inch.

Further production history will be required to determine stabilized flow rates and the extent of the reservoir. In addition, electric logging indicated the shallower Mirador formation to be a prospective oil reservoir for potential future development.

Total current production from Llanos 34 block is approximately 10,945 bopd gross (4,925 bopd net) without including the new production from well Tigana 1.

In addition, GeoPark has recently completed the drilling of a new exploration prospect on the Llanos 34 block with the well Tigana Sur 1, which will be tested in the following weeks in the Guadalupe and Mirador formations.

12/12/2013

 

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