Arrow Exploration spudded the Icaco-2 (IC-2) well on 18 May, on time and under budget. IC-2 is now producing from the Ubaque formation, the pre-drill primary target, at a restricted rate of ~830bbl/d gross (415bbl/d net). The well logged 100 ft of net pay across the three target zones (19.5 ft C7, 6 ft Gacheta, 74.5 ft Ubaque (>1.5x vs the IC-1 well). The Ubaque thickness came in at the higher end of Arrow's pre-drill expectations and approaches the ~80 ft of stacked shoreface sands at CN's worl ....
