Citation Resources drilling ahead in Guatemala with oil and gas shows in...
Citation Resources (ASX: CGV), formerly known as Clean Global Energy, is drilling ahead towards the primary reservoir target zones at its Atzam 4 well in Guatemala having already intersected...
View ArticleCitation Resources flows oil and gas to surface at Guatemala well
Citation Resources (ASX: CTR) has flowed oil and gas to surface after encountering encouraging oil and gas shows at its well in Guatemala and is now drilling ahead towards the primary targets.The shows...
View ArticleCitation Resources observes more oil shows at Guatemala well
Citation Resources (ASX: CTR) has encountered new oil and gas shows as well as shows with up to 50% oil saturation at the well it is drilling in Guatemala .Atzam-4 intersected the high oil saturations...
View ArticleCitation Resources continues to encounter oil and gas in Guatemalan well
Citation Resources (ASX: CTR) has intersected significant oil and gas shows at the top of one of the primary reservoir zones at its Atzam-4 well in Guatemala.The shows were encountered in a 16 feet...
View ArticleCitation Resources to production test Guatemala oil and gas well
Citation Resources (ASX: CTR) is preparing to carry out flow testing of its Atzam-4 well in Guatemala, which has the potential to upgrade resource and reserves estimates.Wireline logging had confirmed...
View ArticleCitation Resources starts acid wash at Guatemala oil and gas well
Citation Resources (ASX: CTR) has started acid wash operations that will allow natural flow rates to be established from some of the intervals at its Atzam-4 well in Guatemala.The first operation will...
View ArticleCitation Resources continues Atzam-4 flow test at Guatemala project
Citation Resources (ASX:CTR) is continuing flow testing at its Atzam Oil project in Guatemala with further acid wash operations of the reservoir sections underway. Latin American Resources, which is...
View ArticleCitation Resources to accelerate clean up of Guatemala oil well
Citation Resources (ASX: CTR) is arranging to use an electric submersible pump to help establish the commercial potential of two perforated zones at the Atzam-4 well in Guatemala.The ESP will allow the...
View ArticleCitation Resources tags Guatemala well with reserves of 2.3MM barrels of oil
Citation Resources (ASX: CTR) has penned in a probable reserve of 2.3 million barrels of oil at its Atzam-4 well in Guatemala.The reserve was estimated in an independent reserves report by Ralph E...
View ArticleCitation Resources to raise funds
Citation Resources (ASX: CTR) is in pre-open this morning following the ASX granting the company a trading halt - pending capital raising details.Earlier in the week the company said that following the...
View ArticleCitation Resources to resume Atzam-4 testing
Citation Resources (ASX: CTR) is poised to resume testing at its Atzam-4 well in Guatemala with the arrival of the electrical submersible pump on site.Operator Latin American Resources is now running...
View ArticleCitation Resources starts oil production from Guatemala well
Citation Resources (ASX: CTR) is producing up to 50 barrels of oil per day from its Atzam-4 well in Guatemala though production has been impacted by unexpected high natural gas production.Operator...
View ArticleCitation Resources to flow test oil reservoirs in Guatemala well
Citation Resources (ASX: CTR) is moving to test the two most prospective oil bearing reservoir units at its Atzam-4 well in Guatemala.The decision to flow test the C13 and C14 carbonates comes after...
View ArticleCitation Resources starts flow testing of oil reservoirs in Guatemala well
Citation Resources (ASX: CTR) has started flow testing the two most prospective oil bearing reservoir units at its Atzam-4 well in Guatemala.The C13 and C14 carbonate sections in the well were...
View ArticleCitation Resources to update flow testing at Atzam-4 well in Guatemala
Citation Resources (ASX: CTR) has been granted a trading halt this afternoon - with its shares placed in pre-open - pending an operational update on the flow testing program on the Atzam-4 oil well in...
View ArticleCitation Resources to bring Guatemala oil well into production within days
Citation Resources (ASX: CTR) plans to start commercial oil production from its Atzam-4 oil well in Guatemala after successfully carrying out a production and reservoir pressure testing...
View ArticleCitation Resources increases oil production from Guatemala well
Citation Resources (ASX: CTR) has increased oil production from its Atzam-4 well in Guatemala to 140 barrels per day though this remains restricted due to limited onsite storage tank capacity.Initial...
View ArticleRange Resources associate to re-enter, drill more oil wells in Guatemala
Range Resources (ASX: RRS) associate Citation Resources (ASX: CTR) is finalising operational plans to re-enter two wells and drill up to six new wells on the Tortugas Salt Dome structure in...
View ArticleCitation Resources raises $6M at a 11% premium for Guatemala oil operations
Citation Resources (ASX: CTR) has raised $6 million to fund the next phase of operations at the Atzam Oil Project in Guatemala and has reached an agreement to sell the first 5,000 barrels of...
View ArticleCitation Resources: second oil sales contract at Atzam Oil Project
With a second sales contract completed, netbacks of about $65 per barrel of oil, production from the Atzam-4 well poised to increase and the drilling of Atzam-5 well due soon, Citation Resources is...
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