Canacol Energy Ltd. has provided the results of the Nelson 13 well along with the company’s drilling plans for 2019 on Jan. 8.

The Nelson 13 well is the company’s seventh well drilled into its Nelson gas field, which was discovered in 2011. Using the Pioneer 302 drilling rig, Nelson 13 was spud on December 4, 2018, and reached a total depth of 9,234 ft (2,814 m) measured depth in 21 days. The well encountered 104 ft (31 m) true vertical depth (ft TVD) of net gas pay with average porosity of 26% within the productive shallow Porquero sandstone reservoir, and 162 ft TVD of net gas pay within the deeper productive CDO sandstone reservoir. The resulting 266 ft (81 m) of net gas pay represents the thickest gas pay encountered in any of the company’s wells drilled to date on any of its blocks in the Lower Magdalena Valley basin.

The well has been cased and completed prior to tying it into the Jobo gas processing facility via the existing flowline connecting the entire Nelson producing wells to the Jobo facility.

The gas exploration wells planned for 2019 include the Acordeon‐1 and Saxofon‐1 exploration wells on Canacol’s operated 100% working interest VIM 5 contract, and the Arandala‐1 exploration well on Canacol’s operated 100% working interest VIM 21 contract. Appraisal wells Pandereta‐5 and Clarinete‐4 are planned for its VIM 5 contract, while appraisal well Palmer‐2 and development wells Nelson‐7 and Canahuate‐2 are planned for its operated 100% working interest Esperanza contract. Flexibility has been built into the 2019 drilling program such that in the event of exploration success, funds may be reallocated for immediate follow‐up appraisal drilling locations.

Upon moving off of the Nelson 13 drilling location, the Pioneer 302 rig will be mobilized to drill the Palmer‐2 appraisal well, which is anticipated to spud in the last week of January 2019. Palmer‐2 will take approximately five weeks to drill and complete, after which the rig will be mobilized to drill the Nelson‐7 development well which is anticipated to spud in early March 2019.

The company will provide continuous updates of its 2019 drilling program as each well is completed. Canacol is an exploration and production company with operations focused in Colombia.