Canacol revealed in a 22 February 2018 update that the Pandereta-3 appraisal well, located on the Lower Magdalena VIM-5 Block, has flowed gas from three intervals in the Cienaga de Oro sandstone reservoir. The company has calculated an absolute open flow rate (AOF) potential of 168 MMscfg/d from an upper portion of the reservoir. The upper CDO resevoir was perforated between 2551-2574m and flowed at an average of 43 MMscfg/d with a 90/64 inch choke with a well head pressure of 1,008 psi over a 41 hour test period. The middle interval of 2700-2714m flowed an average of 21 MMscfg/d with a one inch choke and well head pressure of 1,307 psi over a 30 hour test period. Finally, the lower interval between 2725.5-2732.5m flowed 15 MMscfg/d with a one inch choke and well head pressure of 1,061 psi over a 36 hour period. In total, the well encountered 31.4m tvd of net gas pay with an average porosity of 24% in the north fault block of the field. The Pandereta discovery will be tied into Canacol's gas processing facility located at Jobo, around 20km to the southwest by mid-year 2018. The well reached a TD of 2,906m in late February 2018 after being spudded on 12 January 2018 with the "Pioneer-302" rig. Pandereta-2, drilled in December 2017, successfully tested gas from the western fault of the field calculated at an AOF potential rate of 140 MMscfg/d. Pandereta-1 discovered the field in November 2017 in the CDO formation and also tested gas in the Lower Tubara Formation.
Pandereta 3  op. by Canacol (100%) in VIM 5 block, has flowed gas from three intervals in the Cienaga de Oro sandstone reservoir. The company has calculated an absolute open flow rate (AOF) potential of 168 MMscfg/d from an upper portion of the reservoir. The upper CDO resevoir was perforated between 2551-2574m and flowed at an average of 43 MMscfg/d with a 90/64 inch choke with a well head pressure of 1,008 psi over a 41 hour test period. The middle interval of 2700-2714m flowed an average of 21 MMscfg/d with a one inch choke and well head pressure of 1,307 psi over a 30 hour test period. Finally, the lower interval between 2725.5-2732.5m flowed 15 MMscfg/d with a one inch choke and well head pressure of 1,061 psi over a 36 hour period. In total, the well encountered 31.4m tvd of net gas pay with an average porosity of 24% in the north fault block of the field.