Citation Resources: Guatemala Well Test on Track
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  • Citation Resources announced that its production and reservoir pressure testing program on the Atzam #4 well, Guatemala, remains on track.Atzam #4 well test details Improved oil quality recovered during production testing with samples showing 36-37° API oilOil production continued between 250-600 bbl/d on restricted choke...

    Citation Resources announced that its production and reservoir pressure testing program on the Atzam #4 well, Guatemala, remains on track.

    Atzam #4 well test details

    • Improved oil quality recovered during production testing with samples showing 36-37° API oil
    • Oil production continued between 250-600 bbl/d on restricted choke sizes over the past 10 days
    • Current 2P reserve estimate of 2.3 MMbbl of oil

    Citation holds a 70% interest in Latin American Resources, which in turn holds 90% of the Guatemalan block, with Range Resources holding the remaining 10%.

    View Citation Resources press release