3.4.1 Block 330 This block is located on the Pacatuba Horst and contains a discovery well, PTA-3 drilled in 1960, see Figure 3.5 for location. Oil of 28 API was recovered in swab tests on two intervals(18m and 25m) around 550m depth.
We do know that some of the production interval area of the PTA-3 well was concerted over so maybe with the appraisal well we may see a better API with the who;e thing working or again back to you YA with normal ground movements the lighter oil may have settled somewhere else in the formation.
ERH Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held