Koliba
The Koliba #3 prospect covers 79 acres over an anticlinal structure (target) that is located approximately 3 ½ miles southwest of Bloomington, Texas. The Koliba Prospect lies in the North McFaddin Field, which, according to Texas Railroad Commission maps and records, hosts 87 productive oil and gas zones. The Company has identified 3 target zones at 5880’, 5350’, and 4930’ under the Koliba/Ensley lease. Texas Railroad Commission records state 7 wells from these 3 target zones produced 390,426 barrels of oil and 2,472,481 MCF (thousand cubic feet) of gas between 1962 to 1989. The Company plans to drill a direct offset to the abandoned Koliba #1 well to 6880 feet.
The prospect which is both a structural and strategraphic trap that includes a four way closure. The Company completed drilling the Koliba #2 prospect in Victoria County, Texas earlier this year to 6,880 feet to evaluate three Frio sand objectives and found the well to be slightly downdip structurally but still productive. Rather than completing the #2 well, the Company decided to drill the #3 well and get updip to the #1 well, therefore making better use of investment capital.
Multi pay zones
The Company has identified 3 target zones at 5880’, 5350’, and 4930’ under the Koliba/Ensley lease.
Historic Production
Texas Railroad Commission records state 7 wells from these 3 target zones produced 390,426 barrels of oil and 2,472,481 MCF (thousand cubic feet) of gas, before being prematurely shut down due to low oil prices.
Strong well control
The Koliba Prospect was evaluated by means of surrounding well control, adding confidence and lowering risk to the geologic interpretation. A minimum of 50 surrounding well bores and their associated well logs were used in developing the geologic interpretation. The prospect interpretation is both a structural and strategraphic trap that includes a four way closure.
Project Maps
 Koliba 4930 Structure. |
 Koliba 5350 Isopach |
 Koliba 5350 Structure |
 Koliba 5880 Isopach |
 Koliba 5880 Structure |
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