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Wednesday, 07 January, 2009, 19:50 GMT | more >>

Harken, Global get their rig on



By Upstream staff 

Harken Energy partner Global Energy Development has begun mobilising a rig to the Tilodiran-2 exploratory well, located at the Rio Verde contract in Colombia.

Harken carries 11,892,922 shares in Global, or about 34% of the outfit's issued share capital.

The 100% Global-owned Rio Verde contract covers about 75,000 acres in the central Llanos region and currently includes two producing wells, the Tilodiran-1 and Macarenas-1, which were successfully recompleted and brought onto production in late 2004 and early 2005.

To date, the probes have cumulatively produced over 87,000 barrels of oil.

Global expects to spud Tilodiran-2 in mid- to late December.


Wednesday, 07 December, 2005, 17:37 GMT  | last updated: Wednesday, 07 December, 2005, 17:42 GMT

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