WD-4 : 700 Net Acres

WD-4 is a Lease Operatorship block that lies within the Petrotrin Grande Ravine producing field. The block is located south of the Los Bajos fault and east of the Skinner fault, two major tectonic features that are located on the north flank of the Erin syncline.

The producing reservoirs are structurally / stratigraphically trapped deltaic sands of the Miocene/Pliocene, Forest and Cruse formations with formation dips averaging 10 – 20 degrees to the northwest. Producing depths range between 3,000’ and 7,500’.

Production from several wells in the area was prematurely terminated due to a combination of bad casing and irretrievable fish in the hole and at least fifteen (15) sidetrack redrill wells have been identified to recover remaining reserves in the Forest and Upper Cruse formations.

Sidetrack redrilling has been successful to date and with the implementation of new technologies and more modern drilling and completion practices, prospects for increased production levels are excellent. The block currently produces approximately 400 barrels of oil per day (October, 2011).

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