Flow testing of the PACA 2 discovery is planned for early February. Three zones will be tested: Morro do Chaves Member, Penedo Formation and the Barra de Itiuba Formation At PACA 1, the extended production test will also be completed in February. To date 7000 Bbl of oil has been produced from testing a cemented and damaged part of the Morro do Chaves member.
and... stage 1 breakout being confirmed :)
CK
ERH Price at posting:
19.1¢ Sentiment: Buy Disclosure: Held