MMV Development2019-05-31T10:11:43-06:00

MMV Development

Middle Magdalena Valley: Santa Isabel (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) due to field discoveries just prior to global oil price collapse
  • Immediate workover scheduled for Oso Pardo production well to restore shut-in production
  • Two well stimulations planned for Q3 2019 with possible new well in Q4 2019
  • Waterflood program could unlock additional potential