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News postive Petrolatina sur champs Magdalena

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Voici la position su champs no 102 en haut à droite (couleur jaune) et la positionde MAU sur le bloc 2063 en bas de du dessin surligné en vert.



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PetroLatina Energy Colombie Auj. à 21:06
PetroLatina Energy, the independent oil and gas exploration, development and production company focused on Latin America, has announced successful preliminary test results for its Colon-1 exploration well on the La Paloma block in the Middle Magdalena valley, Colombia. The Company retains an 80% working interest in the Colon-1 well and is the operator.

The Colon-1 well was drilled to a final total measured depth of 9,125ft. Logging results and oil shows encountered whilst drilling indicated that the Upper Cretaceous Umir Formation contained a potentially oil bearing sand from 8,755ft to 8,795ft. This sand has been designated the 'F Sand' and initial flow testing of this zone has now been undertaken.

The Umir F Sand section from 8,764ft to 8,795ft was perforated and the well produced oil at significant rates on natural flow. Flows were recorded through various choke sizes and the total crude produced on test was 5,899 barrels. Laboratory analysis has determined that the oil is 22 degrees API at 60 degrees Fahrenheit.

Testing operations are continuing and upon completion of the current flow period the well will be put on an extended shut in period to allow accurate downhole reservoir pressure measurements to be completed. Oil produced at Colon-1 will initially be handled at the PetroLatina operated Santa Lucia field located 12km to the northeast of the discovery which currently has adequate unused production capacity.

The rig has now been moved to the next PetroLatina drilling location, a development well in the Company-operated Los Angeles field, which is expected to spud within the next few days.

Juan Carlos Rodriguez, CEO of PetroLatina, commented: 'We are delighted with the success of the Colon-1 well, especially as it was the first exploratory well to be drilled on the La Paloma field. The Umir F Sand is of better than expected reservoir quality and the oil quality is also higher than anticipated. The drilling success will in due course significantly increase the Company's existing production volumes, which averaged approximately 261 bopd in 2008, and allows for further development of the La Paloma field where we have identified several additional drilling locations.

'In due course, we expect to be in a position to provide details of the final test results and a preliminary indication of the potential significance of this discovery.'

PetroLatina Energy Plc, formerly known as Taghmen Energy Plc, was founded in 2004. The Company is presently focused on Colombia after the sale of its assets in Guatemala in which it retains a 20% interest in the first three wells and a 20% working interest in future wells.

In Colombia, the Company currently holds 40% and 20% interests in the Los Angeles and Santa Lucía fields on the Tisquirama licence respectively, and a 100% interest in the Doña María field. In November 2007 the Company secured the extension of the Tisquirama licence for the economic life of the fields.

In April 2006 the Group acquired an interest in two exploration blocks with an 85% interest in Midas and an 80% interest in La Paloma. PetroLatina also owns the Río Zulia-Ayacucho pipeline in the prolific Catatumbo basin which transports crude oil. Present exploration/exploitation activities in this area should increase the volume of crude oil transported resulting in an increased cash flow.

Source: PetroLatina Energy

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