Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Range Resources Participates In Drilling Of Atzam-5 Well In Guatemala 0 comments
    Nov 21, 2013 10:51 PM

    Range Resources (ASX: RRS) could well add a new oil producing well in Guatemala with the Atzam-5 development well set to spud in days.

    Atzam-5 is located about 1,100 metres southeast of the Atzam-4 production well and will test the same carbonate reservoir intervals.

    These include the primary objective C18 and C19 carbonate sections that generated strong oil shows during drilling but which were unable to be flow tested in Atzam-4.

    This will be a major objective for the planned flow testing program for Atzam-5.

    The producing C17 carbonate zone at Atzam-4 will also be tested.

    Like Atzam-4, the Atzam-5 well will be drilled to a target depth of approximately 4,100 feet.

    Success could potentially increase field production to Citation's target of over 600 barrels of oil per day.

    There is further upside to the Atzam oil field with an unexplored salt dome, which will be tested by two wells in early 2014, and anticline structures.

    Range has a direct and indirect 32% interest in the Guatemalan Project.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.