The Manati Blanco-1 drilling program calls for a vertical well, drilled with Parker Rig 271, which is projected to contact the top of the Lower Tertiary Wedge conventional sandstone formation (Patriot – 100%) at approximately 8,000-9,000 feet. After exiting the Tertiary interval, electric and formation test logs may be run. The well will then continue through multiple unconventional formations (Patriot – 30%), and is projected to reach its target depth of 16,000 feet in 3rd quarter 2015.
Sintana’s CEO, Doug Manner, commented, "The commencement of drilling operations at VMM-37 is a major milestone for the Company and its shareholders. The potential presence of volumes of movable oil in one or more of the Manati Blanco-1 target formations would substantially increase the value creation potential of our exploration program."
