Petrominerales Ltd. is pleased to announce that we plan to case our Corcel-F1 well as a potential oil well. The well commenced drilling on May 9, 2009 and was drilled directionally to a total depth of 12,830 feet on June 7, 2009. Test results are expected by mid-July. We plan to spud Corcel-B1, the next well in our ongoing Corcel drilling program, by the end of June.
