Mar. 2012 - Bayfield Energy has suspended a well as an oil and gas discovery in the Galeota License at the EG8 field offshore Trinidad and Tobago. The well reached a total depth of 8,133 feet (2,479 meters). EG8 was deviated from its surface location towards the southwest area in order to target the crestal area of mapped horizons in the prospective EG2/EG5 Central fault block. The well encountered 10 hydrocarbon-bearing sandstone reservoir zones between 1,364 feet (416 meters) and 6,000 feet (1,829 meters) below mean sea level. Preliminary analysis indicates that the vertical thickness of net hydrocarbon-bearing sands total 421 feet (128 meters) of which 352 feet (107 meters) is gas and 69 feet (21 meters) is oil. A comprehensive program of logging and sampling was conducted, samples of oil were collected and a mini drill stem test was performed during the analysis. The data confirms light oil and a good quality reservoir with production potential of over 1,000 bopd. Samples of gas and gas condensate were also collected in other reservoirs. Bayfield is currently integrating the new well data into the 3D seismic mapping to study the impact on contingent and prospective resources. Bayfield believes that EG8 has demonstrated development potential of 32 MMbbls of oil and 69 Bcf of gas in the EG2/EG5/EG8 Central and East fault blocks. The jackup Rowan Gorilla III (450' ILC), which is currently suspending the well, will move to the EG7 location to drill the second well in the company's exploration and appraisal drilling program in the Galeota license.

Jan. 2012 - Bayfield Energy expects to spud the first well in its drilling campaign in its Galeota license offshore Trinidad. The operator is using the Rowan Gorilla (450' ILC) jackup to drill the exploratory well EG8. The well lies in 135 feet (41 meters) of water and will be drilled to a total depth of 8,700 feet (2,652 meters). EG8 is a deviated exploration well intended to appraise the Lower Pliocene-to-Upper Miocene stacked, shallow marine sandstone reservoirs that were encountered in previous offset wells. Both of these earlier wells - EG2 and EG5, which were drilled in 1978 and 1985 respectively - encountered and tested gas at various levels and EG2 tested oil at a rate of 1,000 barrels of oil per day, reported Rigzone. The Galeota block spans 30,147 acres (122 square kilometers) in the shallow waters of the prolific hydrocarbon-rich Columbus Basin off the southeast coast of Trinidad. Bayfield operates the block with a 65 percent interest; while partner, Petrotin, holds the remaining stake.