Alange exploring Cubiro block in Llanos basin

By OGJ editors
HOUSTON, Mar. 26 -- Alange Energy Corp., Toronto, has spud the Cubiro Este-1 and Copa-1 exploration wells on the Cubiro block in the eastern Llanos basin of Colombia.

The wells, projected to Carbonera at 6,185 ft and 5,985 ft, respectively, follow the company’s February 2010 Barranquero-1 discovery that is producing 700 b/d of 28° gravity oil, natural, with 3% basic sediment and water. A 250-sq-km 3D seismic survey and structural mapping confirmed a number of high-prospectivity well locations.

Alange plans to spud the Criollo-1 exploration well on Apr. 15 to 6,210 ft in Carbonera. Then it will drill a Barranquero appraisal well.

The company’ $24 million 2010 capital plan includes drilling the aforementioned four exploration wells plus seven appraisal wells. It also includes two well workovers and $2.1 million for the acquisition of 68.7 sq km of 3D seismic currently being shot, and would target a combined resource of 7.3 million bbl of oil in the Turpial, Azulejo, and Careto Sur prospects.

The company has announced exploration-appraisal success at four wells in the Cubiro block in the last 4 months, namely Careto-5, Careto-6, Careto-8, and Barranquero. Alange has working interests in 12 properties in four basins in Colombia.