Talisman Energy Announces a Significant Discovery in Colombia
finance.yahoo.com
Wednesday May 20, 2009, 6:00 am EDT
CALGARY, ALBERTA--(MARKET WIRE)--May 20, 2009 -- Talisman (Colombia) Oil & Gas Ltd., a wholly owned subsidiary of Talisman Energy Inc. (Toronto:TLM.TO) (NYSE:TLM) ("Talisman"), has announced a significant gas condensate field discovery in the Niscota Block of the Andes foothills, located 300 kilometres north east of Bogota, Colombia.
In the Niscota Block, the Huron-1 well, which was spudded in June last year, has been drilled to a current depth of 18,275 feet in a heavily faulted area and encountered several reservoirs. One reservoir was tested at 3,400 bbls/d of gas condensate. The well is currently being deepened to complete the evaluation of the prospective section. Further logging and testing is planned.
Talisman holds a 30% interest in the Block, with Tepma holding a 50% interest and Hocol S.A.(Operator) holding the remaining 20% interest. |
