Bogotá, Colombia – February 9, 2009 – Petrominerales Ltd., a 76.5% owned subsidiary of Petrobank Energy and Resources Ltd., is pleased to announce that our Mapache-2 exploration well flow tested an average 1,300 barrels of 34 degree API oil per day, at a final water cut of 22%, on an initial 30 hour test from 9 feet of high quality sand, in the Upper Carbonera 7 (C7) formation.
PETROMINERALES CORCEL-D1 MIRADOR RECOMPLETION PRODUCES 8,770 BOPD
Bogotá, Colombia – February 2, 2009 – Petrominerales Ltd. (Petrominerales’ or the Company’s) (TSX: PMG), a 76.4% owned subsidiary of Petrobank Energy and Resources Ltd. (Petrobank) (TSX: PBG), is pleased to announce that our Corcel-D1 exploration well is producing 8,770 barrels of 26.4 degree API oil per day, at an 8% water cut, from 56 feet of high quality sand, following a successful recompletion in the Mirador formation. Corcel-D3, the next well in our multi-well Corcel drilling program, was spudded on January 31.