FIELD ACTIVITIES / Seven Seas Petroleum Drilling Update
SEVEN SEAS REACHES TOTAL DEPTH ON TRES PASOS 2-E WELL
HOUSTON, Feb. 13 /CNW/ -- Seven Seas Petroleum Inc. (Amex: SEV; Toronto:
SVS.U) announced today it successfully completed drilling operations on the
Tres Pasos No. 2-E well, the seventh well drilled on the Emerald Mountain
project in Colombia, South America. The Tres Pasos No. 2-E well is located
approximately 9 kilometers north from the surface location of the previously
announced El Segundo No. 1 discovery well and reached a total depth from the
surface of 6,054 feet. Preliminary analyses while drilling indicate the well
should be productive. Over 290 feet of the Upper Cretaceous Cimarrona
formation was encountered approximately 2,326 feet structurally low to the El
Segundo No. 1-E discovery well. There was no apparent oil-water contact in
the well, indicating a total oil column in the Emerald Mountain field of at
least 2,500 feet. Production testing is expected to begin within a week.
The company further stated that it expects to resume completion
operations on the El Segundo No. 3-E well next week.
GHK Company Colombia, a wholly owned subsidiary of Seven Seas, is the
operator of the Emerald Mountain project. Seven Seas holds a 57.7% interest
in the Emerald Mountain project which encompasses the Dindal and Rio Seco
Blocks.
Seven Seas Petroleum Inc. is an international oil and gas exploration and
production company. For more information, contact Herbert C. Williamson III,
Chief Financial Officer at 713-622-8218. |
