Citation Resources Ltd advises that drilling operations have commenced on the Atzam #5 well, with the construction of the drilling location completed and the initial conductor casing set down to 100 feet. Latin American Resources' (Operator) Harold Lee 500 drilling rig is being mobilised to site and is expected to be drilling ahead towards the initial reservoir targets in the coming days. The well location for Atzam #5 is approximately 1,100m to the south-east of the Atzam #4 production well and the well has been designed to test the same carbonate reservoir intervals that were intersected and produced oil shows in Atzam #4.
Like Atzam #4, the Atzam #5 well will be drilled to a target depth of approximately 4,100 feet and will target the C18 and C19 carbonate reservoirs as the primary objectives, in addition to the producing C17 carbonate zone in the Atzam #4 well. The C18 and 19 carbonates were intersected in Atzam #4 and produced strong oil shows at surface during the drilling of the well but were unable to be flow tested. This will be a major objective for the planned flow testing program for Atzam #5.