Petrodelta drilled and completed a second well, ILM-9, in the Isleno Field. The current production from the Isleno Field is approximately 2,400 BOPD and is being trucked to Uracoa Field. Plans are underway to build a pipeline connection between Isleño Field and the main production facility at Uracoa Field.Petrodelta's production target for the year 2012 is projected to be approximately 40,300 BOPD. The 2012 Petrodelta capital budget is expected to be approximately $300 million with a significant portion of that total related to infrastructure costs to support the further development of the Temblador and El Salto Fields. This program should be self-funding at a WTI oil price of $90 per barrel in 2012. Petrodelta expects to drill 33 oil wells and two water injector wells, and is considering a third rig arriving in the third quarter of this year.
Harvest Natural Resources First Quarter 2012 Operational Update
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