Area Drilling

ColombiaSolana Resources Ltd., Calgary, declared commercial and placed on long-term test the Guariquies-1 well in the Middle Magdalena basin.Crude oil has already been trucked and sold, and Guariquies-2 is to be spudded soon. Guariquies-1 went to TD 10,243 at a drilling cost of $7.5 million, and completion, remedial cementing, and testing cost a further $5.5 million. Future appraisal wells will be drilled to 7,000 ft to target the Oligocene Mugrosa formation.A Mugrosa drillstem test at 5,494-5,652 ft covered three sands and stabilized at 210 b/d of 29.5° gravity oil. Solana perforated 80 ft of sand in a 120-ft net sand interval with porosity greater than 15% and modest permeability. G...

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