1.2K
British oil and gas explorer Emerald
Energy Plc said on Tuesday it successfully completed
the first flow-testing operation in the Caballos formation in
the Gigante No.2 well in Colombia.
Oil of about 32 degrees API gravity flowed to surface,
under natural flow, at an average rate of 185 barrels per day,
Syria- and Colombia-focused Emerald said in a statement.
The company said it looked forward to the results of
further testing of the Caballos formation, the exploration
target in the Gigante No.2 well, before proceeding to the flow
testing of the Tetuan reservoir.
Emerald Energy shares closed at 632 pence on Monday on the
London Stock Exchange. (Reuters)
