We initiated the drilling of four new wells in 2013: three wildcats: OGX-105, Rocha Lima prospect, a dry well; OGX-107, Fazenda Chicote prospect where we notified gas discovery; and OGX-110, São Raimundo prospect, also with gas discovery. Besides, we commenced the drilling of a wildcat adjacent to the OGX-88 (Bom Jesus) discovery, denominated as Fazenda Santa Isabel (OGX-108), also with gas discovery.After drilling and discovering gas in four exploratory wells in the Bom Jesus accumulation, we presented to the ANP the Declaration of Commerciality for the area in January, 2013. The Bom Jesus accumulation will be named the Gavião Branco Field and the field’s Development Plan will be submitted to the ANP soon. OGX estimates a total volume in place between 0.2 and 0.5 Tcf of gas for this field.
GTU Plant View
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts