.Exxon Mobil Hits Target 50 Days after Starting Drilling at VMM-2, weeks ago Canacol Energy Reported that Exxon there Partner in this Block and Well HIT 85 FEET OIL. Now at Target Depth after 50 days of Drilling, results out soon. In April, ExxonMobil subsidiary ExxonMobil Exploration Colombia Limited announced it had entered a $50 million farm-out agreement with Canacol Energy on Block VMM-2, adjacent to Sintana's VMM-4 block. VMM-4 and VMM-37 expose Sintana to a potentially large, unconventional shale oil fairway in the thick Cretaceous La Luna and Rosabalanca formations which are analogous to the Eagle Ford play in South Texas.