ALL - PR Feb 24-99
Solana releases preliminary test results
Solana Petroleum Corp SOP
Shares issued 14,746,964 Feb 23 close $0.62
Wed 24 Feb 99 News Release
Also Seven Seas Petroleum Inc (SVSE.U)
Also Doreal Energy Corporation (DOY)
Mr. James Taylor reports
Solana Petroleum's Mateguafa No. 1 well, held under the Tapir Association
contract in the Llanos Basin of eastern Colombia, yielded light, 32 degree
American Petroleum Institute standard crude oil at rates as high as 777
barrels per day, from a 20-foot perforated interval in the Carbonera C-7
Sandstone.
The production test, performed over 54 hours, used a jet pump with a 9/64
inch nozzle. This rate, however, is not considered indicative of the true
production potential of this zone, as plugging of the jet pump with junk in
the hole was experienced during the test. The well will be shut in for
pressure buildup and other tests for the next few days.
Two other intervals in the C-7 sands, which are lower in the hole, will be
retested after performing a remedial cement squeeze job to isolate deeper
water-bearing sands from C-7 productive intervals.
Solana holds a 38.125 per cent interest in the Mateguafa No. 1 well. Its
partners are Doreal Energy with 11.675 per cent, Seven Seas Petroleum
11.875 per cent and Mohave Colombia Corporation, the operator, with 38.325
per cent.
The group is also mobilizing a second rig to drill the Caporal No. 1, an
exploratory well also on the Tapir block, approximately 25 kilometres to
the southeast of Mateguafa No. 1
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