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Colombia: Petroamerica starts Llanos appraisal program

Petroamerica Oil Corp., Calgary, said Colombia’s Cepcolsa as contract operator has begun the appraisal drilling program on the Los Ocarros block in Colombia’s Llanos basin by spudding the Las Maracas-3 appraisal well.

Las Maracas-3 will appraise the Mirador discovery made at the Las Maracas-2 sidetrack, on production since Apr. 23, 2012. It will also explore the deeper Une and Gacheta reservoirs that produce in other fields in the vicinity. The Las Maracas-3 well will be drilled to a total depth of 12,784 ft.

Las Maracas-4 will be drilled immediately thereafter and will further assess the Mirador formation as well as any exploration discoveries made by the Las Maracas-3 well.

Petroamerica holds a 50% participating interest in the block. Cepcolsa has transferred its 50% working interest to Parex Resources Colombia Ltd. Sucursal.  Final approval of the transfer is pending.


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