GUATEMALAN FIELD BEATING EXPECTATIONS

Northern Guatemala's Xan field appears larger than first thought. Basic Petroleum International Ltd. has completed the 5 Xan well producing about 2,000 b/d of 17 gravity oil from 7,616 ft. The well is southwest of the field and outside the previously believed location of the oil-water contact in its existing Cretaceous Coban B reservoir. Basic drilled the well based on a 1993 seismic survey that indicated the structure might be larger. Engineers are calculating a new reserve estimate for

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