By OGJ editors
HOUSTON, Mar. 11 -- Quetzal Energy Ltd., Calgary, which is contemplating a spinout of Guatemala assets to its shareholders, will tender this month for a 3D seismic program to better define the producing structure at Atzam oil field in Guatemala.
Shooting is to start in June. Quetzal plans to drill two wells this year using company tools.
Meanwhile, early tests at the Las Casas-3X well of eight intervals perforated at 7,984 ft to 8,336 ft overall have produced inconclusive results of oil and water.
The company is drilling out bridge plugs at 8,645 ft and 8,670 ft to test open perforations in the Coban C8 and C9 reservoirs. In 2005 the C9 interval at 8,686-8,717 ft tested 250 b/d of fluid, 60% oil cut, and the upper C8 interval at 8,452-8,636 ft tested 210 b/d of fluid, 60% oil cut.
Quetzal plans to test the open intervals using an electric submersible pump. Initial results are expected in late April to early May.