GeoPark Limited announces the successful drilling and testing of the Ache 1 exploration well located on the Fell Block in Chile. GeoPark operates and has a 100% working interest in the Fell Block.
The Ache 1 well was drilled and completed to a total depth of 9,694 feet. A production test through different chokes in the Tobifera formation resulted in an average production rate of 9.2 million standard cubic feet per day of gas and approximately 80 barrels per day of condensate of 47° API with a well head pressure of 2,827 pounds per square inch.
Further production history is required to determine stabilized flow rates and the extent of the reservoir. Surface facilities and flow lines will be required in order to commercialize this new discovery.