Bogotá, Colombia – September 28, 2009 – Petrominerales Ltd., a 67% owned subsidiary of Petrobank Energy and Resources Ltd., announces that the Corcel-A2 side-track well is producing over 10,000 barrels of oil per day (“bopd”) of 30 API oil at less than 1% water cut from the Lower Mirador, Upper Guadalupe and Lower Guadalupe sands.
PETROMINERALES BOA-1 EXPLORATION WELL PRODUCES OVER 6,000 BOPD
Petrominerales Ltd. announces that the Boa-1 exploration well is producing at over 6,000 bopd of 19 degree API oil at less than 1% water cut from the Lower Sand 1 formation. Boa-1 commenced drilling on June 26, 2009 and reached a total depth of 12,875 feet on July 25, 2009. Logs indicated 48 feet of net oil pay in the Lower Sand 1 and Lower Sand 2 formations.