The Magico-2X well is currently targeting the Pre-CDO–San Cayetano formation, a zone that recently yielded high-potential results at the nearby Hechicero-1X well. That site has demonstrated strong deliverability, testing at rates up to 26.4 MMcf/d gross. To maintain reservoir integrity, operator M&P Colombia is managing production at a sustainable 15 MMcf/d gross.

Infrastructure improvements are keeping pace with drilling. The completion of the INFRAES pipeline loop to Jobo is set to boost transportation capacity at Sinú-9 to 45 MMcf/d gross once commissioning finishes in the coming weeks. Meanwhile, at the Maria Conchita block, the company is finalizing the Aruchara-1 workover by July 10, clearing the path to spud the Aruchara-6 development well. Financial liquidity remains robust, with the company collecting a US$15 million installment from Etablissements Maurel & Prom, bringing total proceeds from the transaction to US$135 million.