26 May 2007 - 10:49
  • News Code: 105533

Norwood Resources Ltd., Calgary, was moving to test its first indicated discovery in the Sandino basin of western Nicaragua after it plugged its second well there as noncommercial.

The company tested eight intervals at the Las Mesas Gutierrez-1 well southwest of Managua. An interval at 3,350-3,460 ft yielded a noncommercial flow of 45° gravity oil.

 

Intervals at 8,818-38 ft, 8,708-28 ft, and 7,846-8,034 ft tested noncommercial gas flows.

 

Intervals at 2,770-95 ft, 2,954-3,035 ft, 3,908-56 ft, and 4,742-4,810 ft flowed salt water.

 

"This well indicates the presence of a positive hydrocarbon basin system (source, maturation, migration and timing of migration including the generation of light oil); and the presence of reservoir rock, as demonstrated by logs, sidewall cores and water flow rates," the company said.

 

Norwood is moving to test the San Bartolo Rodriquez Cano-1 well, where it set casing in February. Logs from that well, showed 232 ft of conventional pay and 300 ft of naturally fractured low permeability sands in eight zones below 6,000 ft. Porosities were 17-21% and permeabilities 3 to 30 md (OGJ, Mar. 26, 2007, p. 38).

 

PIN/OGJ.COM

News Code 105533

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