04-22-2015, 02:54 AM
From company PR November 4 2014:
The Company recently re-entered the LR.x-1 vertical well on the El Vinalar block to retest an oil discovery in the Yacoraite zone of interest. Madalena’s re-entry and testing program for the LR.x-1 was designed to evaluate the potential to stimulate the well and subsequently place it on production. Pressure recorders were run and have been recovered. The ongoing evaluation of pressure data is expected to determine if a stimulation program is warranted. If so, those operations will be planned for 2015 and with successful results, multiple additional opportunities exist and may be pursued on the block.