According to industry sources in October 2017, the Pemex-operated Octli 1 well, drilled on the AE-0009-M-Tucoo-Xaxamani-01 Block (Salina del Istmo Basin), has been classified as an oil and gas producer. At last report in June 2017, the exploration well reportedly reached a TD of 2,155m (2,149m TVD). Pemex used the Grupo R "Cantarell I" jack-up to spud the well on 10 May 2017, targeting Late Miocene/ Early Pliocene objectives. Pre-drill prospective resources were thought to be in the order of 41 MMboe. This is the same contract area where Pemex, in 2016, made the Teca 1 discovery. Pemex, at that time, said that Teca potentially held between 50 MMbo and 60 MMbo. The Cahua 1 well was also drilled in the contract area in mid-2017 (see related Scout articles). In October 2017, the Comision Nacional de Hidrocarburos (CNH) granted Pemex an additional two-year exploration period for the contract so that it can further drill additional prospects and build up its reserves book. Pemex was awarded 100% interest in the acreage in the Round Zero assignment allocation in August 2014.<P />
Octli 1 op. by Pemex (100%) in AE-0009- M-Tucoo-Xaxamani-01 contract area, has been classified as an oil and gas producer from Late Miocene/ Early Pliocene objectives.