The test results from a 10/64 inch restricted choke indicate that the well is expected to produce at a gross daily rate of 20-30mmcf of gas plus about 20 barrels of oil and 36 barrels of natural gas liquids per mmcf of gas.
The company continues to build surface facilities and expects to initiate production during the first quarter of 2012.
Last month, the company acquired an additional 1.58% working interest (NRI – 1.14%) in the La Cantera discovery from a partner, and as a result, it has an approximate 17% net revenue interest in the well.
The company plans to spud its La Cantera #2 well located about 1/2 mile north of the discovery well during the second quarter of 2012.
