Area Drilling

ColombiaHarken Energy Corp., Houston, reported encouragement from Laurel 1, third well on the 250,000 acre Bolivar Association Contract Area in the Middle Magdalena Valley.Formation characteristics were significantly improved from Olivo 1, the previous well 6 km northeast. Laurel 1 had 1,250 ft gross thickness, 1,081 ft of net pay, and 10.95% average porosity in Upper Cretaceous La Luna. Oil saturation was 75% vs. 80% in Olivo 1.Drilling will continue vertically through Lower Cretaceous Rosa Blanca and, if logs are favorable, Harken will drill an underbalanced horizontal hole in Rosa Blanca.MoroccoOnarep granted a 1 year reconnaissance permit to Skidmore Energy Inc. covering 3,318 sq km o...

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