Canacol Energy encountered light oil in the Pantro-1 exploration well in the LLA23 exploration and production contract in the Llanos basin, Colombia. The well was drilled to a total depth of 12,682 ft and encountered 83 ft of net oil pay in five separate reservoirs. The 37 ft of net pay within the Gacheta reservoir flowed at a net rate of 2,300 B/D of 31° API crude over a 24-hour period. Canacol (80%) is the operator, with partner Petromont (20%).
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