03:54 PM EST - Alange Energy Corp. : Alange Energy Corp.: announced that following the recent exploration success in the Copa-1 well, located in the eastern part of the Cubiro block, it has confirmed success in appraisal well Copa-2 that was completed in the Carbonera C7 formation, and is producing 1,350 barrels per day of clean 40.1 degrees API oil with 2% BS&W, on natural flow with a 20/64" choke. A decision has been made to immediately install an electro-submersible pump, with the pump simulation yielding 1,800 barrels per day of production at 28 Hz of frequency and with bottom hole pressure of 1840 psia.
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