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Announces 5. Canacol is a natural gas focused exploration and production company, and the largest independent gas producer in Colombia.
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Canacol Energy Ltd. The aggregation of these estimates presented in this press release was carried out by Kqbul Mr. Using 3D seismic, the Corporation continues to achieve a high success rate with its gas exploration program. At present, the Corporation has embarked check this out an expansive exploratory program comprising the acquisition of 3D seismic and continued drilling activity to further assess the significant prospective resource for conventional natural gas across its large acreage position. All references in the following discussion to prospective resources are in reference The Underground Girls Of Kabul Analysis conventional natural gas in the Audited Areas included in the GaffneyCline Report.
If discovered, there is no certainty that it will Gjrls commercially viable to produce any portion of the resources. Source aggregations of these estimates were prepared by Canacol. From the distribution, the Mean is the average value of the distribution, and as such represents the most accurate single point estimation of the expected recoverable volume.
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The assessed GCoS varies, from opportunity to opportunity, and GaffneyCline has stated that the leads may Aanlysis additional seismic data prior to becoming viable drillable prospects. Of primary importance in the Lower Magdalena Valley basin is the resource potential of the CDO comprised of up to feet of deltaic and marginal marine sandstones and shales. In addition, the Corporation has further investigated the emerging play type in the turbiditic see more reservoirs of the shallow Porquero Formation. For the exploratory opportunity on the recently acquired exploration blocks in the Middle Magdalena Valley basin, the Corporation has identified conventional natural gas plays it anticipates to mature by means of investigative geological studies, the reprocessing of existing 2D and 3D seismic, seismic acquisition and drilling over the next three years.
For all plays in the Lower and Middle Magdalena Valley basins and based upon the representation of prospective resources in the GaffneyCline Report, management expects that significant additional resources will be developed in the future with continued drilling success on currently undeveloped blocks. In the future, significant factors that may change the prospective resource estimates include the outcome of further exploration and appraisal drilling that may change the estimates either positively or negatively. Furthermore, prospective resource estimates may be impacted by future improvements in technologies such as optimized seismic acquisition parameters, drilling fluid properties, and downhole petrophysical data acquisition methodologies.
In addition, recoverable volumes may be enhanced by improved downhole completion and production technologies, additional processing capacity Unrerground compression.]
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