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MMV Development2018-11-15T01:10:00+00:00

MMV Development

Middle Magdalena Valley: Mono Araña & Oso Pardo

  • Relatively underexplored oil basin with steeply dipping structures and thick oil columns of 1,000 -1,500 feet
  • Large potential structure based on seismic/geologic mapping to lowest known oil and structural close
  • Underdeveloped oil discoveries at Oso Pardo (100% working interest) and Mono Arana (40% working interest) due to field discoveries just prior to global oil price collapse
  • Immediate workover scheduled for Oso Pardo production well to restore shut-in production
  • Gran Tierra new partner at Mono Arana and has direct expertise in Acordionero development
  • ARROW and Gran Tierra have begun to formulate plans for Mono Arana and expect to finalize in near future