In May 2019 Telpico continues to offer interest in its LLA-42 Block of the northern Llanos Basin near the Venezuelan border. The Cano Limon field is located some 40 km west and has produced over 1.3 Bbo from Cretaceous and Tertiary reservoirs. The Eocene Mirador Formation is also a producer with sands averaging 25% porosity from depths of some 7,500 ft. Telpico has identified several Carbonera, Mirador, and Cretaceous prospects from high quality 3D seismic acquired in 2014. The Zapata prospect has multiple objectives with a reserve potential estimated at 217 MMbo. Telpico is offering a 49% working interest with a potential partner to pay a USD 3.5 million buy-in cost. The deal also includes the partner to pay 100% of the initial well test costs, to include drilling and testing operations. Interested parties should visit the website at www.telpico.com.
Telpico continues to offer interest in its LLA-42 Block of the northern Llanos Basin near the Venezuelan border. The Cano Limon field is located some 40 km west and has produced over 1.3 Bbo from Cretaceous and Tertiary reservoirs.