Canacol Energy Ltd. announce the second flow test result from the Leono 2 appraisal well located on the LLA23 Exploration and Production (E&P) Contract in the Llanos Basin of Colombia. The Corporation has an 80% operated working interest in the LLA23 contract, with Petromont Colombia S.A.
Sucursal Colombia holding the remaining 20% interest. As previously reported, the Leono 2 well encountered 121 feet ("ft") of net oil pay in four separate reservoirs, and tested at a gross rate of 1,328 barrels of oil per day ("bopd") (1,062 bopd net) in the C7 reservoir.
The Leono 2 well was spud on January 11, 2014 and reached a total depth of 12,610 feet measured depth ("ft md") on January 26, 2014 with strong oil and gas shows encountered while drilling through the primary reservoir targets.