Amerisur Resources is pleased to announce an update on the well Ave-1 in the Fenix Block, Colombia. Ave-1, an exploration well in the Fenix Block has been drilled to a depth of 3,300ft MD (2,752ft TVD) with a maximum inclination of 44.7 degrees.
The objective of the well was to evaluate the oil potential in the Mugrosa formation, located below the reservoirs previously discovered in the Esmeraldas formation by the well Isabel-1. To the drilled depth no prospective sands were encountered in the Mugrosa formation. Within the overlying Esmeraldas formation, a gross column of 99ft TVD and net column of 73ft TVD of Hydrocarbon bearing sands was encountered.