Tie Field Asset
The Tie light oil field was discovered in 2009. The field produces from two independent sandstone reservoirs. There are three wells on the property and the field currently naturally flows all production from one dually completed well. The oil is trucked to customers nearby and the associated gas is compressed and also sold on the local market.
The Company also hold interests in 6 other exploration blocks in the Reconcavo Basin. These blocks are in varying stages of exploration.
The field is currently producing from one naturally flowing well.