TecnoPetrol plans two Colombian wildcats

TecnoPetrol Inc., Toronto, has revised the farm-out agreements for its Alejo association contract in Colombia's Rancheria basin to give Pennsylvania-based Carson Services Inc. a 25% holding and Interprivate Investments Ltd. of Panama a 15% interest.


TecnoPetrol Inc., Toronto, has revised the farm-out agreements for its Alejo association contract in Colombia's Rancheria basin to give Pennsylvania-based Carson Services Inc. a 25% holding and Interprivate Investments Ltd. of Panama a 15% interest.

TecnoPetrol previously had given Carson a 20% interest in the Alejo association contract for the performance of an airborne gravity-magnetic survey. Carson will fund the direct costs of drilling two wildcats.

Working interests in the Alejo contract will be TecnoPetrol, with 40%; Carson, with 45%; and Interprivate, with 15%. TecnoPetrol remains operator of the Alejo area.

Geopozos, an Interprivate subsidiary, will be drilling contractor.

The first well, located on the Mochila prospect, will be drilled to 2,900 ft and target the Tabaco formation sands and the Hato Nuevo-Manantial formation lime. TecnoPetrol expects to spud the well by Nov. 22.

The second well, located on the Apa prospect, will be drilled to 4,000 ft. and target the Calcareous group and the Cerrejon formation. TecnoPetrol expects to spud this well by mid-December upon completion of drilling the Mochila prospect.

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